Allianz SE Sells 1,838 Shares of T-Mobile US, Inc. $TMUS

Allianz SE decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 48,711 shares of the Wireless communications provider’s stock after selling 1,838 shares during the period. Allianz SE’s holdings in T-Mobile US were worth $11,606,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Activest Wealth Management lifted its holdings in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the last quarter. Missouri Trust & Investment Co increased its holdings in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the first quarter worth $29,000. Aspect Partners LLC increased its position in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares in the last quarter. Finally, TCTC Holdings LLC lifted its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3%

Shares of TMUS opened at $212.68 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The firm has a market cap of $237.88 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.51 and a beta of 0.57. The business’s fifty day moving average is $227.89 and its 200-day moving average is $236.18.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $21.61 billion. During the same period in the prior year, the company earned $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend 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 is 39.23%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Srini Gopalan bought 9,800 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 1,973,541 shares of company stock worth $471,574,286 over the last ninety days. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. BNP Paribas Exane boosted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Benchmark lifted their target price on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Tigress Financial raised their price objective on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

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.