T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,426 shares of the Wireless communications provider’s stock after purchasing an additional 106,710 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of T-Mobile US worth $125,555,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. Legal & General Group Plc increased its position 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 valued at $837,032,000 after purchasing an additional 303,582 shares during the period. Integrated Investment Consultants LLC bought a new stake in shares of T-Mobile US in the 3rd quarter worth $53,844,000. International Assets Investment Management LLC lifted its holdings in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after buying an additional 248,828 shares during the period. Finally, Swedbank AB bought a new position in T-Mobile US during the first quarter valued at about $38,784,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 40.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock valued at $72,863,634 in the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $246.20 on Thursday. The company has a market capitalization of $285.71 billion, a PE ratio of 28.07, a PEG ratio of 1.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company’s 50 day moving average price is $222.09 and its 200 day moving average price is $196.83. T-Mobile US, Inc. has a 52 week low of $147.96 and a 52 week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the company posted $1.82 EPS. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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 given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 29.65%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TMUS shares. Tigress Financial upped their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Cowen increased their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. UBS Group upped their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, KeyCorp raised their price objective on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.