Fiera Capital Corp Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fiera Capital Corp bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,342 shares of the Wireless communications provider’s stock, valued at approximately $483,000.

Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after buying an additional 248,828 shares during the period. NewEdge Advisors LLC boosted its holdings in T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after acquiring an additional 25,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in T-Mobile US by 84.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock worth $46,224,000 after purchasing an additional 102,663 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of T-Mobile US by 15.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider’s stock worth $19,872,000 after purchasing an additional 12,724 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TMUS. UBS Group increased their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. KeyCorp lifted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Price Performance

TMUS stock opened at $235.31 on Monday. The company has a market capitalization of $273.07 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $145.77 and a 52-week high of $236.74. The business has a 50-day simple moving average of $211.81 and a two-hundred day simple moving average of $190.04. 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 (NASDAQ:TMUS) last announced 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 return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company 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 $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 433,824 shares of company stock valued at $90,112,000 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

About T-Mobile US

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.