Associated Banc Corp Increases Position in T-Mobile US, Inc. $TMUS

Associated Banc Corp increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 50.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,903 shares of the Wireless communications provider’s stock after buying an additional 8,700 shares during the quarter. Associated Banc Corp’s holdings in T-Mobile US were worth $6,172,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of T-Mobile US by 14.2% in the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after acquiring an additional 810 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at approximately $284,000. Berkshire Bank increased its position in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of T-Mobile US by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock worth $255,187,000 after buying an additional 8,227 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of T-Mobile US by 8.0% during the 2nd quarter. Prudential Financial Inc. now owns 747,421 shares of the Wireless communications provider’s stock worth $178,081,000 after buying an additional 55,245 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TMUS shares. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a research note on Friday, October 24th. Daiwa Capital Markets decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Scotiabank lifted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.83.

Insider Transactions at T-Mobile US

In other news, CEO Srini Gopalan acquired 9,800 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost 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 $18,215,869.56. This trade represents a 12.18% increase in their position. 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 T-Mobile US stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,719,181 shares of company stock worth $404,701,767 in the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Price Performance

TMUS stock opened at $207.34 on Tuesday. The stock has a market capitalization of $231.91 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The stock’s fifty day simple moving average is $222.78 and its 200-day simple moving average is $234.16.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is 39.23%.

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.