Harel Insurance Investments & Financial Services Ltd. Acquires Shares of 2,504 T-Mobile US, Inc. (NASDAQ:TMUS)

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,504 shares of the Wireless communications provider's stock, valued at approximately $668,000.

Other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC lifted its holdings in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after purchasing an additional 41 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of T-Mobile US by 15.6% during the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 41 shares during the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of T-Mobile US by 0.7% during the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 1.4%

Shares of TMUS stock traded down $3.30 during trading on Monday, hitting $237.45. 1,609,136 shares of the stock traded hands, compared to its average volume of 4,089,771. The firm has a market capitalization of $269.61 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The firm's fifty day moving average price is $238.63 and its 200-day moving average price is $243.47.

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

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TMUS shares. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Royal Bank Of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday. Finally, JPMorgan Chase & Co. raised their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $256.26.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total value of $16,614,237.60. Following the completion of the transaction, the director owned 647,800,524 shares in the company, valued at $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 over the last 90 days. 0.37% of the stock is owned by insiders.

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.