Contravisory Investment Management Inc. Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Contravisory Investment Management Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 49,075.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,967 shares of the Wireless communications provider's stock after acquiring an additional 1,963 shares during the period. Contravisory Investment Management Inc.'s holdings in T-Mobile US were worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth $1,802,393,000. GAMMA Investing LLC increased its position 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 purchasing an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $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 worth approximately $452,721,000. Finally, Capital International Investors raised its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Royal Bank of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Stock Up 1.2%

NASDAQ TMUS traded up $2.94 on Thursday, hitting $244.90. 2,855,193 shares of the stock were exchanged, compared to its average volume of 4,148,829. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two week high of $276.49. The company has a 50-day moving average price of $249.38 and a 200-day moving average price of $243.93. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $278.07 billion, a PE ratio of 25.33, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm 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. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

About T-Mobile US

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.