Perpetual Ltd Acquires 2,417 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Perpetual Ltd raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 88.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,160 shares of the Wireless communications provider’s stock after purchasing an additional 2,417 shares during the quarter. Perpetual Ltd’s holdings in T-Mobile US were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TMUS. Wellington Management Group LLP grew its stake in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Vanguard Group Inc. grew its stake in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Clearbridge Investments LLC grew its stake in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. Legal & General Group Plc grew its stake in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares during the period. Finally, Blackstone Inc. bought a new position in shares of T-Mobile US during the 1st quarter worth $48,966,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $213.04 on Friday. The business’s 50-day moving average price is $200.37 and its two-hundred day moving average price is $181.07. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $215.18. The stock has a market cap of $248.57 billion, a P/E ratio of 26.70, a PEG ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the firm posted $1.86 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 32.58%.

Analyst Ratings Changes

Several research firms have recently weighed in on TMUS. Scotiabank increased their price target on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 19th. Benchmark increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. TD Cowen increased their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer increased their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus price target of $216.36.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 306,492 shares of company stock valued at $60,161,906. Corporate insiders own 0.67% of the company’s stock.

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.