First National Advisers LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• First National Advisers LLC increased its stake in T-Mobile US, Inc. by 57%, holding 10,061 shares valued at over $2.68 million.
• Several analysts upgraded T-Mobile's ratings, with 13 holding, 9 buying, and 3 giving a strong buy rating, reflecting an average target price of $256.31.
• T-Mobile declared a quarterly dividend of $0.88 per share, with an annualized yield of 1.45%, to be paid on September 11th.

First National Advisers LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 57.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,061 shares of the Wireless communications provider's stock after purchasing an additional 3,651 shares during the quarter. First National Advisers LLC's holdings in T-Mobile US were worth $2,683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of T-Mobile US by 15.1% during the first quarter. LPL Financial LLC now owns 493,004 shares of the Wireless communications provider's stock valued at $131,489,000 after purchasing an additional 64,580 shares during the period. Investment Management Corp VA ADV purchased a new stake in T-Mobile US in the first quarter worth $488,000. Empirical Finance LLC lifted its stake in T-Mobile US by 1.4% in the first quarter. Empirical Finance LLC now owns 18,013 shares of the Wireless communications provider's stock worth $4,804,000 after acquiring an additional 247 shares during the period. HB Wealth Management LLC lifted its stake in T-Mobile US by 24.0% in the first quarter. HB Wealth Management LLC now owns 13,796 shares of the Wireless communications provider's stock worth $3,680,000 after acquiring an additional 2,669 shares during the period. Finally, Applied Finance Capital Management LLC lifted its stake in T-Mobile US by 12.1% in the first quarter. Applied Finance Capital Management LLC now owns 12,772 shares of the Wireless communications provider's stock worth $3,406,000 after acquiring an additional 1,380 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 2.2%

Shares of NASDAQ:TMUS traded down $5.36 on Monday, hitting $238.19. 3,702,649 shares of the company traded hands, compared to its average volume of 4,055,931. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $235.07 and a 200-day simple moving average of $245.04. The company has a market cap of $268.06 billion, a PE ratio of 22.47, a PEG ratio of 1.33 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating 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 firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the company earned $2.49 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect 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. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US's payout ratio is presently 33.21%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 1,333,510 shares of company stock worth $306,996,018 in the last ninety days. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on TMUS shares. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Morgan Stanley raised their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.31.

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.