Berkshire Asset Management LLC PA Invests $378,000 in T-Mobile US, Inc. $TMUS

Key Points

• Berkshire Asset Management LLC has acquired 1,527 shares of T-Mobile US, Inc., valued at approximately $378,000, in the first quarter of the year.
• T-Mobile US recently reported a net income of $2.84 earnings per share (EPS) for the quarter, exceeding analyst expectations of $2.69, and achieving a revenue of $21.13 billion, surpassing estimates of $20.99 billion.
• The company announced a quarterly dividend of $0.88, with a yield of 1.4%, payable on September 11th, indicating a dividend payout ratio of 33.21%.

Berkshire Asset Management LLC PA bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,527 shares of the Wireless communications provider's stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC boosted its holdings in shares of T-Mobile US by 208.1% in the first 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. boosted its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Finally, City Holding Co. boosted its stake in T-Mobile US by 45.3% during 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. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $6.21 on Friday, hitting $251.95. 3,984,708 shares of the company traded hands, compared to its average volume of 3,902,959. The business's 50 day moving average price is $237.98 and its 200-day moving average price is $247.97. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The company has a market capitalization of $283.55 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.41 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the business earned $2.49 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. Equities analysts expect 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 given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. The trade was a 5.90% 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, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $259.87, for a total value of $18,149,320.80. Following the completion of the sale, the director owned 635,992,364 shares in the company, valued at $165,275,335,632.68. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,139,050 shares of company stock worth $504,895,827. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Bank of America initiated coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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.