Primecap Management Co. CA Boosts Stake in T-Mobile US, Inc. $TMUS

Primecap Management Co. CA increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 545,949 shares of the Wireless communications provider’s stock after acquiring an additional 4,940 shares during the period. Primecap Management Co. CA’s holdings in T-Mobile US were worth $130,078,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of T-Mobile US by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after purchasing an additional 215,711 shares in the last quarter. Wellington Management Group LLP lifted its position in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in 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 worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in T-Mobile US by 4.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after acquiring an additional 169,562 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $211.27 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $224.69 and a 200-day moving average price of $235.13. The company has a market cap of $236.31 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business earned $2.61 EPS. T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. T-Mobile US’s payout ratio is 39.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research report on Friday, October 24th. Scotiabank upped their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $280.00 to $300.00 in a 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 equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $266.83.

Insiders Place Their Bets

In related news, CEO Srini Gopalan purchased 9,800 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the acquisition, the chief executive officer directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,858,861 shares of company stock worth $440,048,489. Insiders own 0.37% 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.