Cary Street Partners Financial LLC Purchases 3,838 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Cary Street Partners Financial LLC increased its stake in T-Mobile US by 247.0% in Q1, acquiring an additional 3,838 shares, bringing its total holdings to 5,392 shares worth approximately $1,438,000.
• T-Mobile US reported earnings of $2.84 per share for Q2, exceeding estimates, along with a revenue of $21.13 billion, a year-over-year increase of 6.9%.
• The company announced a quarterly dividend of $0.88 per share, with an annualized dividend yield of 1.4%, scheduled for payment on September 11th.

Cary Street Partners Financial LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 247.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,392 shares of the Wireless communications provider's stock after purchasing an additional 3,838 shares during the quarter. Cary Street Partners Financial LLC's holdings in T-Mobile US were worth $1,438,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TMUS. CenterBook Partners LP purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $1,964,000. Scotia Capital Inc. lifted its position in shares of T-Mobile US by 15.4% during the 4th quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider's stock valued at $7,685,000 after buying an additional 4,657 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of T-Mobile US by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 225,486 shares of the Wireless communications provider's stock valued at $49,772,000 after buying an additional 1,460 shares in the last quarter. Covestor Ltd lifted its position in shares of T-Mobile US by 61.2% during the 4th quarter. Covestor Ltd now owns 498 shares of the Wireless communications provider's stock valued at $110,000 after buying an additional 189 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its position in shares of T-Mobile US by 73.1% during the 4th quarter. Fortis Capital Advisors LLC now owns 10,176 shares of the Wireless communications provider's stock valued at $2,246,000 after buying an additional 4,298 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TMUS shares. Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $242.93 on Friday. The company has a market cap of $273.40 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business's 50 day moving average price is $234.79 and its 200-day moving average price is $245.96. T-Mobile US, Inc. has a fifty-two week low of $190.00 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for 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 company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.49 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given 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 dividend yield of 1.4%. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 1,764,850 shares of company stock worth $410,591,012. Insiders own 0.37% of the company's stock.

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.

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