Banco Santander S.A. Acquires 498 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Banco Santander S.A. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,108 shares of the Wireless communications provider’s stock after purchasing an additional 498 shares during the period. Banco Santander S.A.’s holdings in T-Mobile US were worth $22,722,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. DT Investment Partners LLC increased its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at about $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the second quarter worth approximately $27,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Benchmark lifted their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Price Performance

T-Mobile US stock opened at $235.47 on Thursday. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The stock has a market capitalization of $273.26 billion, a P/E ratio of 26.85, a P/E/G ratio of 1.19 and a beta of 0.50. The firm’s 50-day moving average is $218.19 and its two-hundred day moving average is $194.11. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last posted 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. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the business’s 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 transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 455,338 shares of company stock worth $95,539,866. 0.67% of the stock is currently owned by corporate 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.