Bank of Montreal Can Buys 97,732 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bank of Montreal Can raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,012,878 shares of the Wireless communications provider’s stock after purchasing an additional 97,732 shares during the period. Bank of Montreal Can owned 0.09% of T-Mobile US worth $180,125,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in T-Mobile US during the 2nd quarter worth about $30,000. Finally, Westside Investment Management Inc. grew its holdings in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the sale, the director now owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the sale, the director now owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock valued at $107,147,801 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Citigroup increased their price target on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley increased their price target on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Scotiabank raised their target price on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research note on Thursday, September 19th. Finally, Evercore ISI raised their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Eighteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Price Performance

T-Mobile US stock opened at $202.46 on Tuesday. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $206.30. The company’s 50 day moving average price is $192.71 and its two-hundred day moving average price is $176.86. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market cap of $237.25 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.74 and a beta of 0.51.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.74%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

T-Mobile US Company Profile

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.