Pacer Advisors Inc. Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Pacer Advisors Inc. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,508 shares of the Wireless communications provider’s stock after buying an additional 547 shares during the quarter. Pacer Advisors Inc.’s holdings in T-Mobile US were worth $19,117,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $30,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TMUS shares. Scotiabank boosted their price objective on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday. Bank of America lifted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Oppenheimer lifted their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup raised their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Eighteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $199.44 on Monday. 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 capitalization of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The business has a 50-day moving average of $192.29 and a 200 day moving average of $176.60. T-Mobile US, Inc. has a 12 month low of $135.82 and a 12 month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the sale, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 573,414 shares of company stock worth $107,147,801. Company insiders own 0.67% of the company’s stock.

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.