T-Mobile US, Inc. $TMUS is Y Intercept Hong Kong Ltd’s 3rd Largest Position

Y Intercept Hong Kong Ltd raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4,837.0% in the second quarter, Holdings Channel reports. The institutional investor owned 127,029 shares of the Wireless communications provider’s stock after acquiring an additional 124,456 shares during the period. T-Mobile US comprises about 0.7% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 3rd biggest holding. Y Intercept Hong Kong Ltd’s holdings in T-Mobile US were worth $30,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hohimer Wealth Management LLC increased its holdings in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after buying an additional 41 shares during the last quarter. Journey Strategic Wealth LLC increased its stake in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 41 shares in the last quarter. Angeles Wealth Management LLC increased its stake in shares of T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after purchasing an additional 41 shares in the last quarter. Weaver Capital Management LLC increased its stake in shares of T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares in the last quarter. Finally, Bank of Stockton increased its stake in shares of T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,319,837 shares of company stock worth $559,130,799 in the last three months. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $217.77 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a fifty day moving average price of $239.30 and a 200 day moving average price of $240.52. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The firm has a market cap of $243.58 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.48 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the business earned $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is 33.85%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TMUS shares. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Benchmark increased their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $268.22.

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.