Chicago Capital LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,664 shares of the Wireless communications provider's stock, valued at approximately $444,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. QRG Capital Management Inc. lifted its stake in T-Mobile US by 8.7% in the 1st quarter. QRG Capital Management Inc. now owns 105,107 shares of the Wireless communications provider's stock valued at $28,033,000 after acquiring an additional 8,379 shares in the last quarter. Sagespring Wealth Partners LLC lifted its position in shares of T-Mobile US by 10.9% in the first quarter. Sagespring Wealth Partners LLC now owns 5,196 shares of the Wireless communications provider's stock worth $1,386,000 after purchasing an additional 512 shares in the last quarter. Great Lakes Retirement Inc. boosted its holdings in T-Mobile US by 2.5% during the first quarter. Great Lakes Retirement Inc. now owns 11,171 shares of the Wireless communications provider's stock worth $2,979,000 after purchasing an additional 270 shares during the last quarter. Sowell Financial Services LLC grew its position in T-Mobile US by 34.1% in the first quarter. Sowell Financial Services LLC now owns 22,077 shares of the Wireless communications provider's stock valued at $5,888,000 after purchasing an additional 5,617 shares in the last quarter. Finally, Mission Wealth Management LP increased its stake in T-Mobile US by 18.0% in the 1st quarter. Mission Wealth Management LP now owns 10,229 shares of the Wireless communications provider's stock valued at $2,728,000 after buying an additional 1,560 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Stock Performance
NASDAQ:TMUS traded down $0.44 during mid-day trading on Thursday, reaching $220.99. 5,588,020 shares of the company's stock were exchanged, compared to its average volume of 4,101,384. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. 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 business's fifty day simple moving average is $244.62 and its two-hundred day simple moving average is $243.40. The firm has a market capitalization of $250.92 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The business's revenue was up 6.6% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.37% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on TMUS. 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 report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $257.68.
Check Out Our Latest Stock Analysis on T-Mobile US
About T-Mobile US
(
Free Report)
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.
Featured Stories
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
