T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,231 shares of the Wireless communications provider’s stock after buying an additional 2,358 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in T-Mobile US were worth $3,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in shares of T-Mobile US by 20.6% during the first quarter. Empowered Funds LLC now owns 9,352 shares of the Wireless communications provider’s stock worth $1,526,000 after acquiring an additional 1,596 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of T-Mobile US by 1.0% in the first quarter. Bleakley Financial Group LLC now owns 8,837 shares of the Wireless communications provider’s stock valued at $1,442,000 after purchasing an additional 86 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of T-Mobile US in the first quarter valued at about $1,489,000. Angeles Wealth Management LLC grew its position in T-Mobile US by 48.4% during the first quarter. Angeles Wealth Management LLC now owns 2,088 shares of the Wireless communications provider’s stock worth $341,000 after buying an additional 681 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in T-Mobile US by 19.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 732,678 shares of the Wireless communications provider’s stock worth $119,588,000 after buying an additional 119,129 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $1,015,300. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 444,924 shares of company stock worth $92,673,325. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 0.3 %

TMUS traded up $0.61 during midday trading on Wednesday, hitting $239.61. The company had a trading volume of 859,839 shares, compared to its average volume of 4,430,925. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $240.26. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $278.07 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.22 and a beta of 0.50. The stock’s 50 day moving average price is $213.37 and its 200 day moving average price is $191.28.

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, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid 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 1.47%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 29.65%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Citigroup lifted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Oppenheimer boosted their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Benchmark lifted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.