T-Mobile US, Inc. (NASDAQ:TMUS) Stake Boosted by Florida Financial Advisors LLC

Florida Financial Advisors LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 91.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,141 shares of the Wireless communications provider's stock after buying an additional 1,503 shares during the quarter. Florida Financial Advisors LLC's holdings in T-Mobile US were worth $838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. GAMMA Investing LLC increased its holdings in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Capital International Investors increased its holdings in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of T-Mobile US by 38.8% in the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after purchasing an additional 968,444 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. 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 report on Monday, July 7th. Finally, Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.61.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 1,116,990 shares of company stock valued at $256,892,992 over the last three months. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Down 0.7%

Shares of NASDAQ TMUS traded down $1.71 during midday trading on Thursday, reaching $227.03. 934,605 shares of the company's stock were exchanged, compared to its average volume of 4,090,510. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The stock has a market capitalization of $257.78 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The business's fifty day moving average price is $236.04 and its two-hundred day moving average price is $243.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $20.89 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

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.