Liberty One Investment Management LLC Takes $348,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Liberty One Investment Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,304 shares of the Wireless communications provider's stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in T-Mobile US by 49.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 28,200 shares of the Wireless communications provider's stock valued at $7,521,000 after purchasing an additional 9,314 shares during the period. Security National Bank of SO Dak lifted its stake in shares of T-Mobile US by 9.7% in the first quarter. Security National Bank of SO Dak now owns 1,036 shares of the Wireless communications provider's stock worth $276,000 after buying an additional 92 shares in the last quarter. Financial Counselors Inc. boosted its stake in T-Mobile US by 40.3% during the 1st quarter. Financial Counselors Inc. now owns 1,622 shares of the Wireless communications provider's stock valued at $433,000 after purchasing an additional 466 shares during the last quarter. Callan Capital LLC increased its holdings in T-Mobile US by 9.8% in the 1st quarter. Callan Capital LLC now owns 3,070 shares of the Wireless communications provider's stock worth $819,000 after buying an additional 274 shares in the last quarter. Finally, Drake & Associates LLC lifted its position in T-Mobile US by 19.6% during the first quarter. Drake & Associates LLC now owns 7,587 shares of the Wireless communications provider's stock valued at $2,024,000 after purchasing an additional 1,242 shares during the period. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada boosted 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. KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $252.61.

T-Mobile US Stock Down 1.6%

Shares of NASDAQ TMUS traded down $3.66 during mid-day trading on Wednesday, reaching $232.31. 3,938,124 shares of the company were exchanged, compared to its average volume of 4,096,704. The stock has a market cap of $263.78 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 1.10 and a beta of 0.62. The firm has a 50-day moving average of $238.54 and a 200 day moving average of $243.53. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on 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 owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 698,400 shares of company stock worth $161,083,166. 0.37% of the stock is currently owned by 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.