CHB Investment Group LLC Takes $3.92 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• CHB Investment Group LLC has acquired a new position in T-Mobile US, Inc., purchasing 16,458 shares valued at approximately $3.92 million, making it the firm's 7th largest holding.
• The company reported a quarterly earnings per share (EPS) of $2.84, exceeding expectations, with a revenue of $21.13 billion, marking a year-over-year increase of 6.9%.
• T-Mobile US has increased its quarterly dividend to $1.02 per share, reflecting a boost from the previous dividend of $0.88, with a dividend yield of 1.7%.

CHB Investment Group LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,458 shares of the Wireless communications provider's stock, valued at approximately $3,921,000. T-Mobile US comprises about 2.0% of CHB Investment Group LLC's holdings, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. increased its position in 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 stake in T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC increased its position in 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 purchasing an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in 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 purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.9%

NASDAQ TMUS opened at $239.49 on Wednesday. The business has a fifty day moving average price of $244.34 and a 200 day moving average price of $245.31. T-Mobile US, Inc. has a one year low of $200.88 and a one year high of $276.49. 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 company has a market cap of $269.53 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during 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% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $239.18, for a total transaction of $15,409,410.68. Following the transaction, the director owned 634,628,048 shares of the company's stock, valued at $151,790,336,520.64. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 2,536,460 shares of company stock worth $611,607,700. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $258.02.

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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