Mirae Asset Global Investments Co. Ltd. Purchases 33,727 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,624 shares of the Wireless communications provider’s stock after buying an additional 33,727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in T-Mobile US were worth $55,117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Vanguard Group Inc. raised its position in T-Mobile US by 3.8% in 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 purchasing an additional 1,667,778 shares during the period. Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after buying an additional 578,348 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after buying an additional 303,582 shares during the period. Blackstone Inc. purchased a new stake in T-Mobile US during the 1st quarter valued at about $48,966,000. Finally, ProShare Advisors LLC grew its position in T-Mobile US by 26.8% during the 1st quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock worth $201,392,000 after acquiring an additional 260,795 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 3.1 %

NASDAQ:TMUS opened at $226.36 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm’s 50-day moving average price is $205.53 and its 200-day moving average price is $184.78. The company has a market capitalization of $264.11 billion, a PE ratio of 28.37, a P/E/G ratio of 1.15 and a beta of 0.51. T-Mobile US, Inc. has a 1-year low of $138.42 and a 1-year high of $234.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 9.22 EPS 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 represents a $3.52 annualized dividend and a yield of 1.56%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is 32.58%.

Analysts Set New Price Targets

Several analysts have weighed in on TMUS shares. Scotiabank boosted their price objective on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday. Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $240.17.

Insider Transactions at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was 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 owns 119,687 shares in the company, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now 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. Over the last three months, insiders have sold 349,261 shares of company stock valued at $69,411,130. Insiders own 0.67% of the company’s stock.

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.