PAX Financial Group LLC Buys New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

PAX Financial Group LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,143 shares of the Wireless communications provider's stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the 4th quarter valued at $28,000. Adirondack Trust Co. increased its stake in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the last quarter. City Holding Co. boosted its holdings in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at $39,000. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 1,116,990 shares of company stock valued at $256,892,992. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. Tigress Financial raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Finally, Benchmark reissued a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $252.61.

T-Mobile US Trading Up 0.0%

Shares of TMUS stock traded up $0.02 during mid-day trading on Friday, hitting $227.05. The company's stock had a trading volume of 1,216,873 shares, compared to its average volume of 4,085,049. The company's fifty day simple moving average is $235.62 and its 200-day simple moving average is $243.67. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The company has a market cap of $257.80 billion, a PE ratio of 22.16, a P/E/G ratio of 1.27 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company posted $2.00 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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.