GSA Capital Partners LLP Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• GSA Capital Partners LLP has significantly increased its stake in T-Mobile US by 118.9%, owning 3,504 shares valued at approximately $935,000.
• Several other institutional investors, including Westpac Banking Corp and Motley Fool Asset Management LLC, have also raised their positions in T-Mobile US, indicating growing investor confidence.
• T-Mobile US recently declared a quarterly dividend of $0.88 per share, reflecting an annualized yield of 1.5% and demonstrating the company's ongoing profitability and commitment to shareholders.

GSA Capital Partners LLP lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 118.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,504 shares of the Wireless communications provider's stock after buying an additional 1,903 shares during the period. GSA Capital Partners LLP's holdings in T-Mobile US were worth $935,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. TCTC Holdings LLC boosted its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. City Holding Co. boosted its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in T-Mobile US in the fourth quarter worth about $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 0.5%

NASDAQ:TMUS traded down $1.21 during midday trading on Friday, hitting $237.20. 3,480,382 shares of the company traded hands, compared to its average volume of 4,080,460. The firm's fifty day moving average is $234.89 and its 200-day moving average is $245.31. T-Mobile US, Inc. has a 12-month low of $185.39 and a 12-month high of $276.49. The firm has a market capitalization of $266.95 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.30 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 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, 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 company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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 given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is 33.21%.

Insider Buying and Selling

In other 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 transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Corporate insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

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.