Intact Investment Management Inc. Has $1.10 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Intact Investment Management Inc. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,340 shares of the Wireless communications provider’s stock after buying an additional 350 shares during the period. Intact Investment Management Inc.’s holdings in T-Mobile US were worth $1,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Norden Group LLC boosted its position in T-Mobile US by 45.8% in the first quarter. Norden Group LLC now owns 3,644 shares of the Wireless communications provider’s stock valued at $595,000 after buying an additional 1,145 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after acquiring an additional 64 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of T-Mobile US during the first quarter valued at $1,908,000. Chevy Chase Trust Holdings LLC raised its stake in shares of T-Mobile US by 1.7% during the first quarter. Chevy Chase Trust Holdings LLC now owns 290,253 shares of the Wireless communications provider’s stock valued at $47,375,000 after acquiring an additional 4,952 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of T-Mobile US during the first quarter valued at $8,470,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 359,261 shares of company stock worth $72,263,430 over the last three months. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. KeyCorp raised their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Evercore ISI lifted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Up 0.4 %

Shares of NASDAQ TMUS opened at $224.25 on Tuesday. The stock has a market capitalization of $260.24 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.14 and a beta of 0.50. The company has a 50-day moving average price of $209.38 and a 200-day moving average price of $188.30. T-Mobile US, Inc. has a 1 year low of $145.77 and a 1 year high of $234.56. 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 issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

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.