CIBC Asset Management Inc Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

CIBC Asset Management Inc lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 324,662 shares of the Wireless communications provider’s stock after acquiring an additional 5,154 shares during the quarter. CIBC Asset Management Inc’s holdings in T-Mobile US were worth $66,997,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC boosted its stake in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares during the last quarter. Legal & General Group Plc boosted its stake in T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Blackstone Inc. acquired a new position in T-Mobile US during the 1st quarter worth $48,966,000. Finally, International Assets Investment Management LLC raised its stake in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock worth $97,427,925 in the last quarter. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $237.75 on Friday. T-Mobile US, Inc. has a 52-week low of $145.77 and a 52-week high of $242.43. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $275.91 billion, a P/E ratio of 27.11, a PEG ratio of 1.23 and a beta of 0.50. The business’s 50-day moving average price is $214.22 and its 200 day moving average price is $191.62.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.36 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. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 29.65%.

Analyst Ratings Changes

Several analysts have issued reports on TMUS shares. Bank of America upped their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer raised their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Tigress Financial increased their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Company 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.