Phoenix Financial Ltd. Increases Stake in T-Mobile US, Inc. $TMUS

Phoenix Financial Ltd. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 308.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,514 shares of the Wireless communications provider’s stock after buying an additional 4,165 shares during the period. Phoenix Financial Ltd.’s holdings in T-Mobile US were worth $1,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its stake in T-Mobile US by 6.3% in the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC grew its stake in T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after purchasing an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in T-Mobile US in the second quarter valued at about $375,000. Raymond James Financial Inc. grew its stake in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after purchasing an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP grew its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $185.22 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $200.45 billion, a PE ratio of 19.70, a P/E/G ratio of 1.11 and a beta of 0.33. The business has a 50-day simple moving average of $201.37 and a two-hundred day simple moving average of $203.07. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insiders Place Their Bets

In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of the stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider owned 44,850 shares in the company, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director G Michael Sievert sold 1,089 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the sale, the director directly owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 149,134 shares of company stock valued at $32,163,349. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. Barclays reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on T-Mobile US from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.48.

T-Mobile US 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.