Invesco LLC Acquires 525 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Invesco LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,555 shares of the Wireless communications provider’s stock after buying an additional 525 shares during the period. Invesco LLC’s holdings in T-Mobile US were worth $802,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. WASHINGTON TRUST Co increased its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth approximately $27,000. Summit Securities Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in T-Mobile US during the 2nd quarter valued at $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the completion of the sale, the director now owns 671,752,404 shares of the company’s stock, valued at approximately $116,280,341,132.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. In the last three months, insiders sold 1,109,346 shares of company stock valued at $198,743,322. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TMUS. Citigroup boosted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Benchmark increased their price objective on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Scotiabank raised their price objective on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $198.63.

T-Mobile US Stock Up 1.2 %

NASDAQ:TMUS opened at $195.30 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $205.28. The company has a 50-day moving average of $188.47 and a 200 day moving average of $174.31. The firm has a market cap of $227.87 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 EPS. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

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.