Miller Howard Investments Inc. NY Boosts Position in T-Mobile US, Inc. $TMUS

Miller Howard Investments Inc. NY raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,707 shares of the Wireless communications provider’s stock after acquiring an additional 4,408 shares during the period. Miller Howard Investments Inc. NY’s holdings in T-Mobile US were worth $9,810,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Quilter Plc grew its position in T-Mobile US by 7.8% during the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock valued at $94,584,000 after buying an additional 33,813 shares during the period. CI Investments Inc. lifted its position in shares of T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after buying an additional 21,307 shares in the last quarter. Swiss National Bank grew its stake in T-Mobile US by 4.6% in the 3rd quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock valued at $352,583,000 after acquiring an additional 65,400 shares during the period. Xponance Inc. increased its holdings in T-Mobile US by 17.7% in the 3rd quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after acquiring an additional 12,143 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after acquiring an additional 14,110 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Scotiabank decreased their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 29th. TD Cowen upped their price target on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Royal Bank Of Canada lowered their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $260.27.

Insider Buying and Selling

In related news, insider Andre Almeida acquired 5,097 shares of the stock in a transaction on Friday, May 1st. The shares were bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

T-Mobile US stock opened at $184.57 on Wednesday. T-Mobile US, Inc. has a 52-week low of $174.02 and a 52-week high of $261.56. The firm has a market capitalization of $199.74 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.05 and a beta of 0.31. The company has a fifty day simple moving average of $188.79 and a 200-day simple moving average of $198.43. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 43.40%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.