Burling Wealth Partners LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Burling Wealth Partners LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,519 shares of the Wireless communications provider's stock after buying an additional 4,018 shares during the quarter. Burling Wealth Partners LLC's holdings in T-Mobile US were worth $4,139,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. increased its position in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. boosted its holdings in shares of T-Mobile US by 366.7% in the first 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. boosted its holdings 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 worth $37,000 after acquiring an additional 43 shares during the period. Finally, Pinney & Scofield Inc. bought a new position in shares of T-Mobile US in the fourth quarter worth $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total value of $15,943,075.20. Following the sale, the director directly owned 647,171,964 shares of the company's stock, valued at $147,736,415,941.92. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 1,116,990 shares of company stock valued at $256,892,992 over the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Down 0.7%

Shares of NASDAQ TMUS traded down $1.71 during trading hours on Thursday, hitting $227.03. The company's stock had a trading volume of 3,508,371 shares, compared to its average volume of 4,095,849. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock has a market cap of $257.78 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The business has a 50-day simple moving average of $236.04 and a 200-day simple moving average of $243.63.

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 (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced 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 is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. T-Mobile US's payout ratio is presently 34.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TMUS shares. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Finally, Benchmark reiterated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US 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.