Charles Schwab Investment Management Inc. Buys 65,394 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in T-Mobile US, Inc. by 2.0% in the first quarter, owning approximately $878.93 million worth of shares.
• T-Mobile US reported a 6.9% increase in quarterly revenue year-over-year, with an EPS of $2.84 that exceeded analysts' expectations.
• The company announced a quarterly dividend of $0.88 per share, representing an annualized yield of 1.5%, with the payment scheduled for September 11th.

Charles Schwab Investment Management Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,295,432 shares of the Wireless communications provider's stock after purchasing an additional 65,394 shares during the period. Charles Schwab Investment Management Inc. owned 0.29% of T-Mobile US worth $878,925,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia raised its position in shares of T-Mobile US by 227.1% in the 4th quarter. Bank of Nova Scotia now owns 217,900 shares of the Wireless communications provider's stock worth $48,097,000 after acquiring an additional 151,284 shares in the last quarter. Azimuth Capital Investment Management LLC lifted its position in shares of T-Mobile US by 3.0% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 105,973 shares of the Wireless communications provider's stock worth $23,391,000 after acquiring an additional 3,072 shares in the last quarter. CenterBook Partners LP bought a new position in shares of T-Mobile US in the 4th quarter worth $1,964,000. Scotia Capital Inc. increased its stake in T-Mobile US by 15.4% in the fourth quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider's stock valued at $7,685,000 after acquiring an additional 4,657 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of T-Mobile US by 0.7% during the fourth 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 during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction 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 sale, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 1,764,850 shares of company stock valued at $410,591,012. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.11 during trading on Monday, hitting $246.09. 786,904 shares of the company were exchanged, compared to its average volume of 4,337,349. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The firm's fifty day moving average price is $234.84 and its 200 day moving average price is $246.54. The company has a market cap of $276.96 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 1.35 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 33.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Tigress Financial raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.