Drake & Associates LLC Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Drake & Associates LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,587 shares of the Wireless communications provider's stock after purchasing an additional 1,242 shares during the period. T-Mobile US comprises 0.6% of Drake & Associates LLC's investment portfolio, making the stock its 23rd largest position. Drake & Associates LLC's holdings in T-Mobile US were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after buying an additional 90,755 shares during the period. Invesco Ltd. grew its stake in T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth $1,802,393,000. Capital International Investors grew its stake in T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $2.54 during trading on Tuesday, hitting $235.09. 1,426,772 shares of the company's stock traded hands, compared to its average volume of 4,084,326. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The business has a 50-day simple moving average of $238.65 and a 200-day simple moving average of $243.59. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market capitalization of $266.93 billion, a P/E ratio of 22.94, a PEG ratio of 1.32 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the company earned $2.00 earnings per share. T-Mobile US's revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is 34.34%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price target 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. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday. Fourteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $254.98.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares of the company's stock, valued at approximately $154,105,266,654.36. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

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.