Lombard Odier Asset Management Switzerland SA Acquires 4,200 Shares of T-Mobile US, Inc. $TMUS
by Sarita Garza · The Markets DailyLombard Odier Asset Management Switzerland SA boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,065 shares of the Wireless communications provider’s stock after acquiring an additional 4,200 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in T-Mobile US were worth $5,089,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its holdings in T-Mobile US by 7.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,342 shares of the Wireless communications provider’s stock valued at $4,942,000 after acquiring an additional 1,700 shares during the period. Clark Capital Management Group Inc. raised its holdings in T-Mobile US by 20.9% in the 4th quarter. Clark Capital Management Group Inc. now owns 4,221 shares of the Wireless communications provider’s stock valued at $857,000 after acquiring an additional 729 shares during the period. Crawford Investment Counsel Inc. raised its holdings in T-Mobile US by 8.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 1,286 shares of the Wireless communications provider’s stock valued at $261,000 after acquiring an additional 100 shares during the period. Kemnay Advisory Services Inc. bought a new position in T-Mobile US in the 4th quarter valued at about $105,000. Finally, &PARTNERS raised its holdings in T-Mobile US by 12.8% in the 4th quarter. &PARTNERS now owns 26,457 shares of the Wireless communications provider’s stock valued at $5,318,000 after acquiring an additional 3,011 shares during the period. Institutional investors own 42.49% of the company’s stock.
T-Mobile US Stock Down 2.4%
Shares of TMUS opened at $184.36 on Wednesday. T-Mobile US, Inc. has a 12 month low of $174.02 and a 12 month high of $261.56. The firm’s 50 day moving average is $190.41 and its 200-day moving average is $199.36. The stock has a market capitalization of $199.52 billion, a PE ratio of 19.61, a P/E/G ratio of 1.10 and a beta of 0.31. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the business earned $2.58 earnings per share. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.
T-Mobile US Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.
Insider Buying and Selling
In related news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
TMUS has been the topic of several recent research reports. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. Morgan Stanley initiated coverage on T-Mobile US in a research report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Finally, TD Cowen increased their price objective on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.48.
Get Our Latest Stock Analysis on TMUS
Trending Headlines about T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
- Positive Sentiment: T-Mobile declared a quarterly cash dividend of $1.02 per share, payable on September 10 to shareholders of record on August 28, which may appeal to income-focused investors. T-Mobile Declares Quarterly Cash Dividend
- Positive Sentiment: T-Mobile is drawing attention for growth-oriented initiatives, including its AI-powered Dynamic CX network optimization tool and expansion of its global innovation hub, which could support long-term network efficiency and competitiveness. T-Mobile Bets On AI And Global Talent As Valuation Discount Persists
- Neutral Sentiment: The stock is also being highlighted by Zacks as a top-ranked growth name, reinforcing a positive fundamental backdrop but without a specific near-term catalyst. T-Mobile (TMUS) is a Top-Ranked Growth Stock: Should You Buy?
- Negative Sentiment: Reports that T-Mobile is warning customers about another price increase, including a service that may double in price, could weigh on sentiment because it raises churn and customer-retention concerns. T-Mobile warns customers that a key service will double in price
- Negative Sentiment: Senator Cruz’s scrutiny of Grain Management’s planned T-Mobile spectrum purchase adds regulatory uncertainty around a previously announced asset sale. Senator Cruz urges regulator to impose conditions on T-Mobile spectrum sale
T-Mobile US Company 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.
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