T-Mobile US, Inc. $TMUS Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 47.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 952,395 shares of the Wireless communications provider’s stock after acquiring an additional 305,195 shares during the period. First Trust Advisors LP owned 0.08% of T-Mobile US worth $226,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after buying an additional 215,711 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after acquiring an additional 309,922 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of T-Mobile US during the second quarter valued at $1,477,780,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TMUS. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, October 24th. Morgan Stanley reduced 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 research note on Friday, October 24th. Scotiabank raised their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Finally, Benchmark lifted their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.83.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the transaction, the director owned 635,014,604 shares of the company’s stock, valued at approximately $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,439,821 shares of company stock valued at $334,026,480 in the last 90 days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $208.01 on Friday. The company’s 50 day simple moving average is $217.89 and its 200 day simple moving average is $232.46. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The stock has a market capitalization of $232.66 billion, a PE ratio of 20.00, a P/E/G ratio of 1.34 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.61 earnings per share. As a group, sell-side analysts expect 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. Investors of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

About T-Mobile US

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.