T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Graypoint LLC

Graypoint LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,599 shares of the Wireless communications provider’s stock after purchasing an additional 355 shares during the period. Graypoint LLC’s holdings in T-Mobile US were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Norges Bank acquired a new position in shares of T-Mobile US during the 4th quarter valued at about $3,338,708,000. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after acquiring an additional 23,800 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Scotiabank raised their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Tigress Financial increased their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Citigroup lifted their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $198.63.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $180.00, for a total transaction of $40,968,720.00. Following the completion of the transaction, the director now directly owns 672,341,073 shares of the company’s stock, valued at approximately $121,021,393,140. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $180.00, for a total transaction of $40,968,720.00. Following the sale, the director now owns 672,341,073 shares in the company, valued at $121,021,393,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Osvaldik sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $180.98, for a total value of $1,809,800.00. Following the transaction, the chief financial officer now directly owns 81,307 shares in the company, valued at approximately $14,714,940.86. The disclosure for this sale can be found here. Insiders have sold 1,806,458 shares of company stock valued at $324,393,935 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $198.72 on Monday. The firm has a 50-day moving average of $186.09 and a two-hundred day moving average of $172.82. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market cap of $231.86 billion, a P/E ratio of 27.04, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 1-year low of $132.40 and a 1-year high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.