Navellier & Associates Inc. Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Navellier & Associates Inc. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2,135.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 26,264 shares of the Wireless communications provider’s stock after acquiring an additional 25,089 shares during the period. Navellier & Associates Inc.’s holdings in T-Mobile US were worth $5,420,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. L & S Advisors Inc purchased a new stake in shares of T-Mobile US during the third quarter worth about $1,332,000. Pacer Advisors Inc. lifted its holdings in shares of T-Mobile US by 10.4% during the third quarter. Pacer Advisors Inc. now owns 119,739 shares of the Wireless communications provider’s stock worth $24,709,000 after purchasing an additional 11,231 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of T-Mobile US during the third quarter worth about $53,844,000. Overbrook Management Corp lifted its holdings in shares of T-Mobile US by 21.3% during the third quarter. Overbrook Management Corp now owns 99,427 shares of the Wireless communications provider’s stock worth $20,518,000 after purchasing an additional 17,457 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of T-Mobile US by 88.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 108,254 shares of the Wireless communications provider’s stock worth $22,339,000 after purchasing an additional 50,882 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total value of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. This represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 455,338 shares of company stock worth $95,539,866 in the last three months. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays lifted their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Stock Up 1.0 %

Shares of TMUS opened at $235.47 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43. The stock has a market capitalization of $273.26 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.19 and a beta of 0.50. The stock has a 50 day moving average price of $218.19 and a 200 day moving average price of $194.11.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 29.65%.

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.