T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% in the 3rd quarter, Holdings Channel reports. The fund owned 937,085 shares of the Wireless communications provider’s stock after purchasing an additional 8,101 shares during the period. Victory Capital Management Inc.’s holdings in T-Mobile US were worth $193,377,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Aptus Capital Advisors LLC grew its stake in shares of T-Mobile US by 20.6% during the third quarter. Aptus Capital Advisors LLC now owns 87,397 shares of the Wireless communications provider’s stock valued at $18,035,000 after acquiring an additional 14,934 shares in the last quarter. Platform Technology Partners acquired a new stake in T-Mobile US during the 3rd quarter valued at approximately $205,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in T-Mobile US by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,421,007 shares of the Wireless communications provider’s stock worth $293,239,000 after purchasing an additional 20,974 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of T-Mobile US by 73.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,164 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 6,829 shares in the last quarter. Finally, Waverton Investment Management Ltd boosted its stake in shares of T-Mobile US by 1.8% during the 3rd quarter. Waverton Investment Management Ltd now owns 722,091 shares of the Wireless communications provider’s stock valued at $149,007,000 after buying an additional 13,074 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was 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 owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 433,824 shares of company stock worth $90,112,000. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $1.64 during mid-day trading on Tuesday, reaching $236.68. 1,241,538 shares of the company traded hands, compared to its average volume of 4,433,629. T-Mobile US, Inc. has a fifty-two week low of $145.77 and a fifty-two week high of $239.13. The firm has a market cap of $274.66 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The stock has a fifty day simple moving average of $212.60 and a 200-day simple moving average of $190.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s dividend payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Barclays lifted their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. KeyCorp upped their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, Benchmark raised their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $241.83.

About T-Mobile US

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.