Cwm LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,648 shares of the Wireless communications provider's stock after purchasing an additional 4,164 shares during the quarter. Cwm LLC's holdings in T-Mobile US were worth $15,642,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Godsey & Gibb Inc. increased its position in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US during the 4th quarter worth $28,000. Adirondack Trust Co. increased its position in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the period. City Holding Co. increased its position in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. Finally, Pinney & Scofield Inc. bought a new position in T-Mobile US during the 4th quarter worth $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Stock Performance
T-Mobile US stock opened at $228.15 on Tuesday. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The business's 50-day moving average price is $237.04 and its two-hundred day moving average price is $243.85. The stock has a market cap of $259.05 billion, a PE ratio of 22.26, a P/E/G ratio of 1.27 and a beta of 0.62.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the firm posted $2.00 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.
Wall Street Analyst Weigh In
TMUS has been the topic of several recent research reports. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Benchmark reiterated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. KeyCorp restated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $252.61.
Get Our Latest Research Report on T-Mobile US
Insider Activity at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $227.55, for a total transaction of $15,892,092.00. Following the sale, the director directly owned 647,381,484 shares of the company's stock, valued at approximately $147,311,656,684.20. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 907,470 shares of company stock worth $209,055,386 over the last quarter. Company insiders own 0.37% of the company's stock.
T-Mobile US Company 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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