Benjamin Edwards Inc. Has $56.23 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Benjamin Edwards Inc. has increased its holdings in T-Mobile US by 24.8% after acquiring an additional 41,936 shares in the first quarter, bringing their total share count to 210,843, valued at approximately $56.2 million.
• Multiple brokerages have recently adjusted their price targets for T-Mobile US, with Royal Bank Of Canada raising it to $270.00 and JPMorgan Chase increasing their target to $280.00.
• T-Mobile US reported a quarterly EPS of $2.84, surpassing expectations, along with a 6.9% year-over-year revenue increase to $21.13 billion.

Benjamin Edwards Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 210,843 shares of the Wireless communications provider's stock after acquiring an additional 41,936 shares during the period. T-Mobile US makes up 0.8% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 29th biggest holding. Benjamin Edwards Inc.'s holdings in T-Mobile US were worth $56,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Godsey & Gibb Inc. grew its holdings 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 worth $27,000 after acquiring an additional 60 shares during the period. TCTC Holdings LLC grew its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. Adirondack Trust Co. grew its holdings 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 worth $37,000 after acquiring an additional 110 shares during the period. City Holding Co. grew its holdings in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares during the period. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US in the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Royal Bank Of Canada increased their price target on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $239.71, for a total value of $16,741,346.40. Following the transaction, the director owned 646,124,364 shares of the company's stock, valued at approximately $154,882,471,294.44. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Freier sold 7,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the transaction, the insider owned 199,643 shares in the company, valued at approximately $49,910,750. The trade was a 3.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,764,850 shares of company stock valued at $410,591,012 over the last quarter. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS stock traded up $3.89 during midday trading on Monday, reaching $248.87. The company had a trading volume of 3,976,136 shares, compared to its average volume of 4,378,235. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average price of $234.84 and a 200 day moving average price of $246.54. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The firm has a market capitalization of $280.08 billion, a PE ratio of 23.48, a P/E/G ratio of 1.35 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.49 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's payout ratio is presently 33.21%.

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.