Bessemer Group Inc. Has $6.06 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bessemer Group Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 208.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,122 shares of the Wireless communications provider’s stock after buying an additional 25,099 shares during the period. Bessemer Group Inc.’s holdings in T-Mobile US were worth $6,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter. Norges Bank bought a new stake in shares of T-Mobile US in the 4th quarter valued at $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during 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 acquiring an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP boosted its stake in T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after acquiring an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC boosted its stake in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $176.82, for a total transaction of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares of the company’s stock, valued at $118,518,606,176.88. The disclosure for this sale can be found here. Insiders have sold 4,768,468 shares of company stock worth $808,635,881 in the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.2 %

T-Mobile US stock traded up $0.33 during midday trading on Wednesday, hitting $176.89. 4,461,423 shares of the stock were exchanged, compared to its average volume of 4,756,633. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $185.42. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $175.36 and its 200-day moving average price is $167.13. The stock has a market capitalization of $207.29 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 8.99 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is presently 35.37%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMUS. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research note on Wednesday, April 3rd. Bank of America raised their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. KeyCorp upped their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Citigroup lifted their price target 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. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $194.07.

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.