Ieq Capital LLC Has $11.85 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Ieq Capital LLC increased its stake in T-Mobile US by 7.1% during the first quarter, bringing its total holdings to $11.85 million.
• Several large investors boosted their positions in T-Mobile US, with 42.49% of the stock now owned by institutional investors, indicating strong confidence in the company.
• Analysts are optimistic about T-Mobile US, with multiple research firms upgrading their price targets, and the stock receiving an average rating of "Moderate Buy" with a target price of $256.31.

Ieq Capital LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,417 shares of the Wireless communications provider's stock after buying an additional 2,958 shares during the quarter. Ieq Capital LLC's holdings in T-Mobile US were worth $11,846,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $29,000. TCTC Holdings LLC raised its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the period. Adirondack Trust Co. raised its stake in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the period. Finally, City Holding Co. increased its position in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of several recent research reports. Morgan Stanley increased their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. raised their price target 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. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Scotiabank upgraded 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 report on Wednesday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Price Performance

T-Mobile US stock opened at $251.36 on Thursday. The stock's 50 day moving average is $239.60 and its 200 day moving average is $248.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market cap of $282.89 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.37 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49.

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 (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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. Investors 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 yield of 1.4%. T-Mobile US's dividend payout ratio is 33.21%.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 2,500 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $251.32, for a total value of $17,552,188.80. Following the completion of the transaction, the director directly owned 635,782,844 shares in the company, valued at approximately $159,784,944,354.08. This represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,278,730 shares of company stock worth $540,242,549. 0.37% of the stock is owned by corporate insiders.

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.

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