First Business Financial Services Inc. Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

First Business Financial Services Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,094 shares of the Wireless communications provider's stock after acquiring an additional 1,264 shares during the quarter. T-Mobile US comprises approximately 0.4% of First Business Financial Services Inc.'s investment portfolio, making the stock its 25th biggest position. First Business Financial Services Inc.'s holdings in T-Mobile US were worth $4,292,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC boosted its position in shares of T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after acquiring an additional 40 shares during the period. Signaturefd LLC grew its position in shares of T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after acquiring an additional 41 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in shares of T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 41 shares during the period. Finally, Hohimer Wealth Management LLC raised its position in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 0.7%

Shares of TMUS traded down $1.71 during trading on Thursday, reaching $227.03. 3,508,371 shares of the company traded hands, compared to its average volume of 4,100,361. The stock has a 50-day simple moving average of $236.04 and a 200-day simple moving average of $243.63. The stock has a market cap of $257.78 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US's dividend payout ratio is currently 34.34%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $228.28, for a total value of $15,943,075.20. Following the completion of the sale, the director directly owned 647,171,964 shares of the company's stock, valued at $147,736,415,941.92. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 1,116,990 shares of company stock worth $256,892,992 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TMUS. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Redburn Atlantic raised shares of 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, July 7th. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned 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 an average rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Company 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.