Focus Partners Wealth Purchases 1,499 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Focus Partners Wealth increased its stake in T-Mobile US by 12.7%, purchasing 1,499 additional shares, bringing total holdings to 13,284 shares valued at approximately $3.54 million.
• Multiple institutional investors, including Goldman Sachs and Canada Pension Plan Investment Board, also raised their positions in T-Mobile US during the first quarter, reflecting increased institutional interest.
• T-Mobile US reported $2.84 earnings per share for its latest quarter, surpassing analysts' estimates, alongside revenue of $21.13 billion, which represents a 6.9% year-over-year increase.

Focus Partners Wealth lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,284 shares of the Wireless communications provider's stock after purchasing an additional 1,499 shares during the quarter. Focus Partners Wealth's holdings in T-Mobile US were worth $3,543,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Integrity Alliance LLC. acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $948,000. Glenview Trust co boosted its position in shares of T-Mobile US by 8.8% during the 1st quarter. Glenview Trust co now owns 69,681 shares of the Wireless communications provider's stock worth $18,585,000 after acquiring an additional 5,639 shares in the last quarter. Alaethes Wealth LLC boosted its position in shares of T-Mobile US by 1.6% during the 1st quarter. Alaethes Wealth LLC now owns 10,775 shares of the Wireless communications provider's stock worth $2,874,000 after acquiring an additional 171 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $248,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after acquiring an additional 169,562 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 0.3%

T-Mobile US stock traded down $0.66 during midday trading on Friday, hitting $238.17. 7,442,087 shares of the stock were exchanged, compared to its average volume of 3,765,798. T-Mobile US, Inc. has a 52-week low of $197.46 and a 52-week high of $276.49. The stock has a market capitalization of $268.04 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. The business's 50-day moving average price is $243.89 and its 200-day moving average price is $245.78. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. T-Mobile US's dividend payout ratio is presently 33.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TMUS. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $258.02.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,611,714 shares of company stock valued at $628,056,504 in the last 90 days. 0.37% of the stock is owned by insiders.

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.