Eurizon Capital SGR S.p.A. Acquires 290,279 Shares of T-Mobile US, Inc. $TMUS

Eurizon Capital SGR S.p.A. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,581,863 shares of the Wireless communications provider’s stock after buying an additional 290,279 shares during the quarter. T-Mobile US comprises 0.7% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 27th biggest holding. Eurizon Capital SGR S.p.A.’s holdings in T-Mobile US were worth $258,023,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. BlackRock Inc. bought a new stake in T-Mobile US during the 2nd quarter worth about $6,625,275,000. Bank of New York Mellon Corp acquired a new stake in T-Mobile US in the 2nd quarter valued at about $839,194,000. Bank of America Corp DE bought a new position in shares of T-Mobile US in the second quarter worth about $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of T-Mobile US by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock worth $683,731,000 after acquiring an additional 43,783 shares during the last quarter. Finally, Amundi raised its stake in shares of T-Mobile US by 2.6% in the second quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after acquiring an additional 95,650 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Stock Down 0.7%

Shares of NASDAQ TMUS opened at $171.03 on Friday. T-Mobile US, Inc. has a 1 year low of $143.75 and a 1 year high of $224.75. The firm’s 50-day moving average is $163.96 and its 200-day moving average is $185.88. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $181.17 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The business had revenue of $23.58 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm posted $2.41 earnings per share. T-Mobile US’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 11.50 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a yield of 2.7%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio (DPR) is presently 39.38%.

Wall Street Analyst Weigh In

TMUS has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of T-Mobile US from $260.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 29th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. Raymond James Financial upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research report on Monday, October 12th. The Goldman Sachs Group reduced their price objective on T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, September 25th. Finally, TD Cowen decreased their price objective on T-Mobile US from $260.00 to $258.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $235.13.

T-Mobile US Profile

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.