Northstar Advisory Group LLC Takes $685,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Northstar Advisory Group LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,567 shares of the Wireless communications provider's stock, valued at approximately $685,000.

Several other large investors have also recently added to or reduced their stakes in the company. Pallas Capital Advisors LLC increased its position in T-Mobile US by 57.7% during the first quarter. Pallas Capital Advisors LLC now owns 1,865 shares of the Wireless communications provider's stock worth $497,000 after acquiring an additional 682 shares during the period. Cetera Trust Company N.A increased its holdings in shares of T-Mobile US by 0.8% during the first quarter. Cetera Trust Company N.A now owns 11,973 shares of the Wireless communications provider's stock worth $3,193,000 after purchasing an additional 100 shares during the period. Farther Finance Advisors LLC raised its position in shares of T-Mobile US by 29.8% in the first quarter. Farther Finance Advisors LLC now owns 5,117 shares of the Wireless communications provider's stock valued at $1,374,000 after buying an additional 1,175 shares in the last quarter. City Holding Co. boosted its stake in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the period. Finally, Portside Wealth Group LLC grew its position in T-Mobile US by 10.5% during the first quarter. Portside Wealth Group LLC now owns 1,074 shares of the Wireless communications provider's stock worth $286,000 after buying an additional 102 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS traded down $7.91 during midday trading on Monday, hitting $237.95. 4,537,262 shares of the company traded hands, compared to its average volume of 4,120,491. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The firm has a market cap of $270.18 billion, a P/E ratio of 24.61, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a 50-day moving average of $248.49 and a 200-day moving average of $244.19.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $257.68.

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.