Plato Investment Management Ltd Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Plato Investment Management Ltd increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 452.5% in the first quarter, HoldingsChannel.com reports. The fund owned 9,519 shares of the Wireless communications provider’s stock after buying an additional 7,796 shares during the period. Plato Investment Management Ltd’s holdings in T-Mobile US were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $27,000. Valley National Advisers Inc. grew its position in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the period. Westside Investment Management Inc. grew its position in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Bay Harbor Wealth Management LLC acquired a new stake in shares of T-Mobile US during the 4th quarter valued at about $34,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of T-Mobile US by 52.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TMUS. Deutsche Bank Aktiengesellschaft raised their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Bank of America lifted their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Royal Bank of Canada lifted their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Sixteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $196.75.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $4.79 on Thursday, hitting $187.07. 5,078,395 shares of the company were exchanged, compared to its average volume of 4,751,462. The stock has a market capitalization of $219.22 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. The company has a 50-day moving average price of $176.92 and a 200 day moving average price of $167.69. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $187.51. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 8.99 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is presently 35.37%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the sale, the director now owns 676,969,021 shares of the company’s stock, valued at approximately $109,960,078,081.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the sale, the director now owns 676,969,021 shares of the company’s stock, valued at approximately $109,960,078,081.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the sale, the chief executive officer now directly owns 458,124 shares in the company, valued at approximately $74,765,836.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,199,458 shares of company stock valued at $715,113,398. 0.67% of the stock is currently owned by company 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.