Commerzbank Aktiengesellschaft FI Has $38.76 Million Position in T-Mobile US, Inc. $TMUS

Commerzbank Aktiengesellschaft FI cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,911 shares of the Wireless communications provider’s stock after selling 2,732 shares during the quarter. T-Mobile US accounts for 0.8% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 29th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in T-Mobile US were worth $38,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Vanguard Group Inc. increased its stake in T-Mobile US by 0.5% in the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares in the last quarter. State Street Corp grew its holdings in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Franklin Resources Inc. increased its position in shares of T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares in the last quarter. Norges Bank acquired a new stake in T-Mobile US during the 2nd quarter worth $1,477,780,000. Finally, Charles Schwab Investment Management Inc. raised its stake in T-Mobile US by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after buying an additional 36,424 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Barclays restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Moffett Nathanson increased their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, BNP Paribas Exane reduced their price target on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.76.

T-Mobile US Trading Up 0.3%

NASDAQ:TMUS opened at $186.03 on Friday. The company has a market cap of $208.08 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The business has a 50 day moving average price of $200.06 and a two-hundred day moving average price of $222.40. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the company earned $2.61 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In other news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. The trade was a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 170,764 shares of company stock worth $37,483,463. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.