T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 73.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,164 shares of the Wireless communications provider’s stock after purchasing an additional 6,829 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in T-Mobile US were worth $3,336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. International Assets Investment Management LLC boosted its position in 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 valued at $51,586,000 after buying an additional 248,828 shares during the period. NewEdge Advisors LLC boosted its holdings in T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the period. Ferguson Wellman Capital Management Inc. grew its stake in T-Mobile US by 84.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock worth $46,224,000 after purchasing an additional 102,663 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in T-Mobile US by 15.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider’s stock worth $19,872,000 after purchasing an additional 12,724 shares during the period. Finally, Mediolanum International Funds Ltd boosted its stake in shares of T-Mobile US by 67.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 87,355 shares of the Wireless communications provider’s stock valued at $17,894,000 after buying an additional 35,075 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $239.00 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $277.36 billion, a PE ratio of 27.25, a P/E/G ratio of 1.22 and a beta of 0.50. The stock has a fifty day moving average price of $212.60 and a 200 day moving average price of $190.75. T-Mobile US, Inc. has a 1-year low of $145.77 and a 1-year high of $239.13.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. UBS Group lifted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Benchmark raised their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Activity

In related news, Director Raul Marcelo Claure sold 111,882 shares of T-Mobile US stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total value of $22,134,734.88. Following the sale, the director now directly owns 1,828,910 shares in the company, valued at $361,831,554.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 111,882 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total value of $22,134,734.88. Following the sale, the director now directly owns 1,828,910 shares in the company, valued at $361,831,554.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,924 shares of company stock valued at $92,673,325 in the last three months. 0.67% of the stock is currently owned by company insiders.

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.