T-Mobile US, Inc. $TMUS Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,940 shares of the Wireless communications provider’s stock after selling 564 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in T-Mobile US were worth $462,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMUS. Nuveen LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at $618,248,000. Assenagon Asset Management S.A. boosted its position in T-Mobile US by 518.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after purchasing an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board boosted its position in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the period. Goldman Sachs Group Inc. boosted its position in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the period. Finally, Amundi boosted its position in T-Mobile US by 34.4% during the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after purchasing an additional 813,331 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMUS. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Benchmark upped their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Daiwa Capital Markets decreased their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 2,252,901 shares of company stock valued at $540,251,450. 0.37% of the stock is currently owned by insiders.

T-Mobile US Price Performance

TMUS opened at $210.05 on Monday. The company has a 50-day moving average of $235.18 and a 200-day moving average of $238.82. The company has a market capitalization of $234.94 billion, a P/E ratio of 20.20, a PEG ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 1-year low of $207.64 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 EPS. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

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.