National Pension Service Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

National Pension Service increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231,751 shares of the Wireless communications provider’s stock after acquiring an additional 137,527 shares during the quarter. National Pension Service owned about 0.11% of T-Mobile US worth $254,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Intact Investment Management Inc. raised its stake in shares of T-Mobile US by 7.0% during the 3rd quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after acquiring an additional 350 shares in the last quarter. Roman Butler Fullerton & Co. raised its stake in shares of T-Mobile US by 13.9% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider’s stock worth $662,000 after acquiring an additional 372 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of T-Mobile US by 146.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock worth $32,758,000 after acquiring an additional 94,242 shares in the last quarter. Fort L.P. bought a new position in shares of T-Mobile US during the 3rd quarter worth approximately $254,000. Finally, BSW Wealth Partners increased its stake in T-Mobile US by 16.9% during the 3rd quarter. BSW Wealth Partners now owns 3,115 shares of the Wireless communications provider’s stock valued at $643,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

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 value of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Peter Osvaldik sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 359,261 shares of company stock worth $72,263,430 over the last three months. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TMUS. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen upped their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Stock Performance

TMUS opened at $224.12 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market cap of $260.09 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.14 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $145.77 and a 52-week high of $234.56. The firm’s fifty day simple moving average is $208.90 and its two-hundred day simple moving average is $187.85.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. Equities analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost 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 is 29.65%.

T-Mobile US 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.