Pacer Advisors Inc. Grows Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Pacer Advisors Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,739 shares of the Wireless communications provider’s stock after purchasing an additional 11,231 shares during the period. Pacer Advisors Inc.’s holdings in T-Mobile US were worth $24,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after buying an additional 248,828 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after buying an additional 8,101 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of T-Mobile US by 12.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider’s stock worth $33,953,000 after buying an additional 18,222 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. lifted its position in T-Mobile US by 84.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock valued at $46,224,000 after purchasing an additional 102,663 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 343,456 shares of company stock valued at $73,405,131 over the last ninety days. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank lifted their target price on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Trading Up 0.7 %

Shares of TMUS stock opened at $238.28 on Friday. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock’s 50-day moving average price is $219.58 and its 200-day moving average price is $194.93. The stock has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.21 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

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.