Pacer Advisors Inc. Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Pacer Advisors Inc. raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,508 shares of the Wireless communications provider’s stock after acquiring an additional 547 shares during the period. Pacer Advisors Inc.’s holdings in T-Mobile US were worth $19,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% in 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 in the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at about $27,000. Westside Investment Management Inc. lifted its stake 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 purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US during the second quarter valued at approximately $30,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $199.44 on Monday. The company has a 50 day simple moving average of $192.29 and a two-hundred day simple moving average of $176.60. The stock has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. 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 released 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 return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue was up 3.0% on a year-over-year basis. As a group, 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. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling

In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 573,414 shares of company stock valued at $107,147,801. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TMUS. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Tigress Financial raised their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley upped their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Benchmark raised their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company upped their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $211.92.

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.