Dana Investment Advisors Inc. Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Dana Investment Advisors Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,835 shares of the Wireless communications provider’s stock after buying an additional 14,939 shares during the period. Dana Investment Advisors Inc.’s holdings in T-Mobile US were worth $18,646,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Putnam Investments LLC boosted its position in shares of T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the period. Vanguard Group Inc. grew its stake in 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 worth $7,351,811,000 after buying an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC grew 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 worth $596,159,000 after buying an additional 578,348 shares during the last quarter. Finally, Capital International Investors increased its position in T-Mobile US by 27.1% during the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock worth $426,528,000 after buying an additional 567,390 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $206.36 on Tuesday. The company’s fifty day moving average is $194.93 and its two-hundred day moving average is $178.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $241.82 billion, a P/E ratio of 28.08, a PEG ratio of 1.07 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $208.16.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,492 shares of company stock valued at $59,546,006. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Benchmark increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 20th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Morgan Stanley raised their price target on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Eighteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $214.36.

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.