Kovitz Investment Group Partners LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,021 shares of the Wireless communications provider's stock after purchasing an additional 27,702 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in T-Mobile US were worth $58,148,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC increased its position in shares of T-Mobile US by 260.0% in the fourth quarter. CreativeOne Wealth LLC now owns 9,197 shares of the Wireless communications provider's stock worth $2,030,000 after purchasing an additional 6,642 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of T-Mobile US in the fourth quarter worth $208,000. Evergreen Capital Management LLC boosted its holdings in T-Mobile US by 10.5% in the fourth quarter. Evergreen Capital Management LLC now owns 3,690 shares of the Wireless communications provider's stock valued at $814,000 after acquiring an additional 350 shares in the last quarter. Stenger Family Office LLC bought a new stake in T-Mobile US in the fourth quarter valued at $336,000. Finally, Marshall Wace LLP boosted its holdings in T-Mobile US by 413.8% in the fourth quarter. Marshall Wace LLP now owns 136,162 shares of the Wireless communications provider's stock valued at $30,055,000 after acquiring an additional 109,662 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.
Check Out Our Latest Stock Analysis on T-Mobile US
T-Mobile US Price Performance
Shares of NASDAQ:TMUS opened at $250.84 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The business has a 50-day simple moving average of $235.30 and a two-hundred day simple moving average of $246.82. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap of $282.30 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. T-Mobile US's revenue was up 6.9% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio is presently 33.21%.
Insider Activity
In other news, insider Callie R. Field sold 12,300 shares of the company's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $247.58, for a total transaction of $17,290,987.20. Following the sale, the director directly owned 636,481,244 shares of the company's stock, valued at $157,580,026,389.52. The trade was a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,904,530 shares of company stock valued at $445,006,069 in the last quarter. 0.37% of the stock is currently owned by insiders.
T-Mobile US Company Profile
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Free Report)
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.
Further Reading
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