Bank of Montreal Can Acquires 56,493 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bank of Montreal Can lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,069,371 shares of the Wireless communications provider’s stock after purchasing an additional 56,493 shares during the period. Bank of Montreal Can’s holdings in T-Mobile US were worth $219,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC increased its position in T-Mobile US by 80.7% in the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 113 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in T-Mobile US in the 1st quarter worth approximately $5,380,000. Tidal Investments LLC lifted its holdings in T-Mobile US by 14.2% during the 1st quarter. Tidal Investments LLC now owns 63,686 shares of the Wireless communications provider’s stock worth $10,392,000 after buying an additional 7,904 shares in the last quarter. Hancock Whitney Corp boosted its position in T-Mobile US by 0.9% in the 1st quarter. Hancock Whitney Corp now owns 93,525 shares of the Wireless communications provider’s stock valued at $15,265,000 after buying an additional 849 shares during the last quarter. Finally, Comerica Bank raised its position in shares of T-Mobile US by 6.3% during the first quarter. Comerica Bank now owns 157,126 shares of the Wireless communications provider’s stock worth $25,646,000 after acquiring an additional 9,309 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock valued at $72,863,634 in the last quarter. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TMUS. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. 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. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Stock Up 0.7 %

Shares of TMUS stock opened at $239.94 on Tuesday. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. 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 firm has a fifty day moving average of $220.26 and a 200-day moving average of $195.92. The company has a market capitalization of $278.45 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is 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.