T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Raised by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,069,371 shares of the Wireless communications provider’s stock after acquiring an additional 56,493 shares during the period. Bank of Montreal Can owned 0.09% of T-Mobile US worth $219,414,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake in T-Mobile US by 64.1% in the third quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider’s stock valued at $1,303,000 after purchasing an additional 2,467 shares in the last quarter. DRW Securities LLC grew its stake in shares of T-Mobile US by 7.7% in the 3rd quarter. DRW Securities LLC now owns 12,143 shares of the Wireless communications provider’s stock valued at $2,506,000 after buying an additional 865 shares in the last quarter. Independent Advisor Alliance increased its holdings in T-Mobile US by 0.9% in the third quarter. Independent Advisor Alliance now owns 38,302 shares of the Wireless communications provider’s stock worth $7,904,000 after buying an additional 349 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in T-Mobile US by 53.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 59,649 shares of the Wireless communications provider’s stock valued at $12,309,000 after acquiring an additional 20,700 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in T-Mobile US by 139.5% in the third quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider’s stock worth $831,000 after acquiring an additional 2,347 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $239.94 on Tuesday. The firm has a market capitalization of $278.45 billion, a PE ratio of 27.36, a PEG ratio of 1.22 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43. The business’s 50 day moving average is $220.26 and its 200-day moving average is $195.92.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. T-Mobile US’s payout ratio is currently 29.65%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Barclays raised their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock valued at $72,863,634 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

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.