Dearborn Partners LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,996 shares of the Wireless communications provider's stock after selling 32,956 shares during the period. T-Mobile US accounts for approximately 1.7% of Dearborn Partners LLC's holdings, making the stock its 19th biggest holding. Dearborn Partners LLC's holdings in T-Mobile US were worth $35,205,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Ancora Advisors LLC boosted its holdings in T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 37 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of T-Mobile US by 15.6% during the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after buying an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC boosted its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after buying an additional 41 shares in the last quarter. Institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Performance
Shares of NASDAQ:TMUS traded down $3.17 during mid-day trading on Thursday, reaching $238.41. 4,075,941 shares of the company traded hands, compared to its average volume of 3,976,442. The company's 50 day moving average price is $235.00 and its 200-day moving average price is $245.15. The firm has a market cap of $268.31 billion, a PE ratio of 22.49, a PEG ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 52 week low of $176.89 and a 52 week high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the company posted $2.49 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 33.21%.
Analyst Upgrades and Downgrades
TMUS has been the topic of a number of research reports. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Tigress Financial lifted their price target 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. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.
Get Our Latest Stock Analysis on TMUS
Insiders Place Their Bets
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Corporate insiders own 0.37% of the company's stock.
T-Mobile US Company Profile
(
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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