Cornerstone Wealth Group LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,584 shares of the Wireless communications provider's stock after selling 5,112 shares during the period. Cornerstone Wealth Group LLC's holdings in T-Mobile US were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its holdings in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after purchasing an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC purchased a new stake in T-Mobile US in the fourth quarter worth $2,539,000. Mizuho Securities USA LLC raised its stake in T-Mobile US by 45.4% in the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after acquiring an additional 14,418 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $10,791,000. Finally, Raymond James Financial Inc. bought a new position in shares of T-Mobile US in the fourth quarter worth $452,721,000. Institutional investors own 42.49% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on TMUS. UBS Group lowered shares of 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 T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.
Check Out Our Latest Analysis on TMUS
T-Mobile US Trading Up 1.3%
Shares of TMUS stock traded up $2.84 during trading hours on Tuesday, reaching $229.82. 5,124,969 shares of the stock were exchanged, compared to its average volume of 4,089,159. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The firm has a market capitalization of $260.95 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64. The company's 50-day moving average price is $242.46 and its 200-day moving average price is $242.95.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 EPS. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.53%. T-Mobile US's dividend payout ratio is currently 34.34%.
Insider Transactions at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 279,360 shares of company stock valued at $63,022,219. Company insiders own 0.37% of the company's stock.
T-Mobile US Profile
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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.
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