Barrow Hanley Mewhinney & Strauss LLC Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 590,050 shares of the Wireless communications provider’s stock after buying an additional 74,336 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.05% of T-Mobile US worth $103,955,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the 2nd quarter valued at about $27,000. Westside Investment Management Inc. raised its holdings in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US in the second quarter worth about $30,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. increased their target price on T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Tigress Financial upped their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, KeyCorp lifted their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. 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, the company presently has an average rating of “Buy” and an average target price of $211.92.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $199.44 on Friday. 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 capitalization of $233.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The firm’s 50 day moving average price is $192.29 and its 200-day moving average price is $176.53. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $206.30.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share 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 business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.76%. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares of the company’s stock, valued at $117,922,079,927.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s 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 completion of the transaction, the director now directly owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last quarter, insiders sold 706,875 shares of company stock valued at $130,909,198. 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.