6,872 T-Mobile US, Inc. $TMUS Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,758 shares of the Wireless communications provider’s stock after acquiring an additional 6,872 shares during the period. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $11,702,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in T-Mobile US in the second quarter worth $6,625,275,000. Bank of New York Mellon Corp bought a new stake in shares of T-Mobile US during the second quarter worth $839,194,000. Bank of America Corp DE bought a new stake in shares of T-Mobile US during the second quarter worth $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of T-Mobile US by 1.1% during 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 purchasing an additional 43,783 shares during the last quarter. Finally, Amundi increased 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 valued at $633,255,000 after buying an additional 95,650 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada cut their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Friday, August 14th. Barclays decreased their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Finally, Moffett Nathanson raised their price objective on shares of T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $235.13.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

TMUS stock opened at $172.16 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The company has a 50 day moving average price of $164.28 and a 200 day moving average price of $185.96. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75. The stock has a market capitalization of $182.36 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.40.

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

T-Mobile US Increases Dividend

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

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.