T-Mobile US, Inc. $TMUS Shares Acquired by AGF Management Ltd.

AGF Management Ltd. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,437 shares of the Wireless communications provider’s stock after purchasing an additional 810 shares during the quarter. AGF Management Ltd.’s holdings in T-Mobile US were worth $1,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Hohimer Wealth Management LLC grew its stake in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 41 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares in the last quarter. Weaver Capital Management LLC grew its position in T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares during the last quarter. Finally, Haven Private LLC increased its stake in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Wolfe Research cut their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

T-Mobile US Stock Up 3.0%

TMUS stock opened at $211.98 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average of $228.69 and a two-hundred day moving average of $236.35. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49. The company has a market cap of $237.10 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 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 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insiders Place Their Bets

In related news, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,043,381 shares of company stock valued at $489,095,047 over the last ninety days. Corporate insiders own 0.37% 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.