Drake & Associates LLC Grows Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Drake & Associates LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 holdings, 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 SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Avantax Advisory Services Inc. lifted its position in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after buying an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at $2,539,000. Mizuho Securities USA LLC lifted its position in shares of T-Mobile US by 45.4% during 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 buying an additional 14,418 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in shares of T-Mobile US by 14.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after buying an additional 1,592 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in shares of T-Mobile US during the 1st quarter valued at $463,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 628,560 shares of company stock valued at $144,455,659. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $3.12 during trading on Monday, hitting $237.63. 2,957,849 shares of the stock traded hands, compared to its average volume of 4,094,708. The stock has a market cap of $269.81 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The firm's fifty day moving average is $238.63 and its 200-day moving average is $243.47. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 EPS. Research 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 disclosed 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 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Tigress Financial boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note 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 note on Thursday, March 27th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.98.

T-Mobile US Profile

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.