T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Symmetry Investments LP

Symmetry Investments LP raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,207 shares of the Wireless communications provider’s stock after buying an additional 861 shares during the period. Symmetry Investments LP’s holdings in T-Mobile US were worth $4,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WASHINGTON TRUST Co increased its stake 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 during the period. Summit Securities Group LLC bought a new position in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at $27,000. Westside Investment Management Inc. increased 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 valued at $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of T-Mobile US in the second quarter valued at $30,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the sale, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the sale, the director now owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The disclosure for this sale can be found here. Insiders have sold 706,875 shares of company stock worth $130,909,198 over the last three months. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TMUS. Benchmark raised their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. Finally, KeyCorp increased their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $211.92.

T-Mobile US Price Performance

NASDAQ TMUS opened at $199.44 on Friday. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. 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’s 50-day moving average is $192.29 and its two-hundred day moving average is $176.46. The firm has a market cap of $233.71 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (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 business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the firm earned $1.86 EPS. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal 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 paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 35.37%.

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.