T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,684 shares of the Wireless communications provider's stock after purchasing an additional 156,594 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in T-Mobile US were worth $125,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in T-Mobile US in the fourth quarter valued at $1,802,393,000. GAMMA Investing LLC boosted its holdings in T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after buying an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board grew its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $452,721,000. Finally, Capital International Investors boosted its position in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $230.16, for a total value of $16,074,374.40. Following the completion of the transaction, the director now directly owns 588,274,099 shares in the company, valued at approximately $135,397,166,625.84. 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 can be accessed through this link. Insiders have sold a total of 279,360 shares of company stock worth $63,022,219 over the last quarter. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 1.3%

TMUS stock traded up $2.84 during trading on Tuesday, reaching $229.82. 5,036,645 shares of the stock traded hands, compared to its average volume of 4,089,159. The firm has a market capitalization of $260.95 billion, a PE ratio of 22.42, a P/E/G ratio of 1.22 and a beta of 0.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The business's 50 day moving average price is $242.46 and its 200-day moving average price is $242.95. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49.

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 analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The company's revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast 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 disclosed 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 1.53%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of 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. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a report on Friday, March 14th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

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.