Boston Partners Buys 151,317 Shares of T-Mobile US, Inc. $TMUS

Boston Partners lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,539,272 shares of the Wireless communications provider’s stock after acquiring an additional 151,317 shares during the period. Boston Partners owned approximately 0.14% of T-Mobile US worth $366,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Weaver Capital Management LLC grew its position in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the period. Haven Private LLC raised its holdings 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 worth $759,000 after buying an additional 42 shares during the period. Bank of Stockton raised its holdings in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares during the period. Nicolet Advisory Services LLC lifted its stake in T-Mobile US by 3.9% in the first quarter. Nicolet Advisory Services LLC now owns 1,204 shares of the Wireless communications provider’s stock valued at $308,000 after buying an additional 45 shares in the last quarter. Finally, Clearstead Trust LLC boosted its holdings in shares of T-Mobile US by 8.6% in the first quarter. Clearstead Trust LLC now owns 567 shares of the Wireless communications provider’s stock valued at $151,000 after buying an additional 45 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. TD Cowen cut their target price on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Barclays reduced their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Morgan Stanley lowered their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $206.90 on Wednesday. The firm has a market cap of $231.42 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The business’s 50 day moving average is $222.16 and its 200-day moving average is $233.90. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $2.61 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,649,341 shares of company stock valued at $387,147,483. Corporate insiders own 0.37% of the company’s stock.

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.