Deutsche Bank AG Purchases New Position in T-Mobile US, Inc. $TMUS

Deutsche Bank AG bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, HoldingsChannel reports. The fund bought 2,086,255 shares of the Wireless communications provider’s stock, valued at approximately $349,928,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in shares of T-Mobile US in the first quarter valued at approximately $25,000. JDM Financial Group LLC increased its holdings in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Swiss RE Ltd. acquired a new position in T-Mobile US during the fourth quarter worth $29,000. Turning Point Benefit Group Inc. boosted its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares in the last quarter. Finally, Sachetta LLC grew its position in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of analyst reports. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, July 6th. Wells Fargo & Company dropped their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research note on Friday. Finally, Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Down 1.4%

TMUS stock opened at $180.12 on Tuesday. The firm’s 50-day simple moving average is $181.63 and its 200 day simple moving average is $194.24. The stock has a market cap of $193.21 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 42.72%.

T-Mobile US 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.