Brooklyn Investment Group increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,270 shares of the Wireless communications provider's stock after acquiring an additional 1,149 shares during the period. Brooklyn Investment Group's holdings in T-Mobile US were worth $1,672,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. grew its holdings 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 acquiring an additional 60 shares during the period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC grew its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. City Holding Co. grew its holdings 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 purchasing an additional 43 shares during the period. Finally, Adirondack Trust Co. grew its holdings 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 purchasing an additional 110 shares during the period. Institutional investors own 42.49% of the company's stock.
T-Mobile US Trading Up 1.7%
TMUS opened at $254.63 on Monday. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The stock has a market cap of $286.57 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 1.39 and a beta of 0.62. The stock's 50 day moving average price is $235.58 and its 200-day moving average price is $247.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.
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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. 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 dividend payout ratio is 33.21%.
Wall Street Analyst Weigh In
Several analysts have issued reports on TMUS shares. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Tigress Financial boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $256.31.
Get Our Latest Stock Analysis on TMUS
Insider Transactions at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on 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 transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,974,370 shares of company stock valued at $462,526,830 over the last quarter. 0.37% of the stock is owned by corporate insiders.
T-Mobile US Profile
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Free Report)
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.
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