J.Safra Asset Management Corp Buys 2,384 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

J.Safra Asset Management Corp raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 121.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,344 shares of the Wireless communications provider's stock after purchasing an additional 2,384 shares during the quarter. J.Safra Asset Management Corp's holdings in T-Mobile US were worth $1,159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Godsey & Gibb Inc. boosted its holdings 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 worth $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 4th quarter worth approximately $28,000. Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, City Holding Co. increased its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.7%

NASDAQ:TMUS opened at $235.25 on Monday. 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 firm has a market cap of $267.11 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.30 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The firm has a 50-day simple moving average of $240.00 and a two-hundred day simple moving average of $242.93.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $230.56, for a total transaction of $16,102,310.40. Following the sale, the director now owns 648,149,724 shares of the company's stock, valued at $149,437,400,365.44. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 419,040 shares of company stock valued at $94,880,434. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

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.

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