T-Mobile US, Inc. $TMUS Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 866.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,737 shares of the Wireless communications provider’s stock after acquiring an additional 94,801 shares during the quarter. Federated Hermes Inc.’s holdings in T-Mobile US were worth $25,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. AIA Group Ltd grew its stake in T-Mobile US by 616.7% in the first quarter. AIA Group Ltd now owns 11,137 shares of the Wireless communications provider’s stock worth $2,970,000 after purchasing an additional 9,583 shares in the last quarter. Core Wealth Partners LLC lifted its holdings in T-Mobile US by 6.0% during the 1st quarter. Core Wealth Partners LLC now owns 1,060 shares of the Wireless communications provider’s stock worth $283,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the 1st quarter worth approximately $29,000. Anfield Capital Management LLC grew its position in shares of T-Mobile US by 1,164.6% in the 1st quarter. Anfield Capital Management LLC now owns 5,678 shares of the Wireless communications provider’s stock worth $1,514,000 after acquiring an additional 5,229 shares in the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $214,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wolfe Research decreased their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Finally, Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.00.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,452 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $240.65, for a total transaction of $15,510,373.80. Following the transaction, the director directly owned 634,821,326 shares of the company’s stock, valued at approximately $152,769,752,101.90. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,301,598 shares of company stock valued at $300,561,785 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $201.35 on Wednesday. The company has a 50-day moving average price of $215.90 and a two-hundred day moving average price of $231.54. T-Mobile US, Inc. has a 52 week low of $199.17 and a 52 week high of $276.49. The stock has a market cap of $225.21 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. 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 (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share 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 company had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is 39.23%.

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.