T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% in the second quarter, HoldingsChannel reports. The fund owned 77,358 shares of the Wireless communications provider’s stock after acquiring an additional 775 shares during the quarter. Thrivent Financial for Lutherans’ holdings in T-Mobile US were worth $13,630,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. WASHINGTON TRUST Co raised its position in shares of 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 position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Summit Securities Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US during the 2nd quarter worth about $30,000. Finally, Westside Investment Management Inc. raised its position 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. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $201.44 on Wednesday. The firm has a market cap of $236.06 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $206.30. 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 company’s 50 day moving average is $193.08 and its two-hundred day moving average is $177.13.

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. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the business earned $1.86 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research analyst reports. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Scotiabank upped their price objective on shares of 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, Oppenheimer upped their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Eighteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $211.92.

Insider Activity

In other news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $176.82, for a total transaction of $23,598,574.02. Following the completion of the transaction, the director now directly owns 670,278,284 shares in the company, valued at $118,518,606,176.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 439,953 shares of company stock worth $83,677,350. 0.67% of the stock is currently owned by corporate insiders.

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.