T-Mobile US, Inc. $TMUS Holdings Reduced by Bank of Montreal Can

Bank of Montreal Can decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 514,607 shares of the Wireless communications provider’s stock after selling 202,846 shares during the period. Bank of Montreal Can’s holdings in T-Mobile US were worth $122,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter valued at approximately $618,248,000. Assenagon Asset Management S.A. boosted its holdings in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after acquiring an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. Finally, Amundi boosted its holdings in shares of T-Mobile US by 34.4% in the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after acquiring an additional 813,331 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 3.2%

Shares of NASDAQ:TMUS opened at $203.32 on Tuesday. The stock has a market capitalization of $227.41 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 1-year low of $202.73 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. The company has a 50 day moving average price of $234.21 and a 200 day moving average price of $238.40.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $2.61 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s payout ratio is currently 39.23%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TMUS shares. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 2,252,901 shares of company stock valued at $540,251,450. 0.37% of the stock is currently owned by corporate insiders.

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.