Liberty One Investment Management LLC Purchases Shares of 1,304 T-Mobile US, Inc. (NASDAQ:TMUS)

Liberty One Investment Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first 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 large investors have also modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after purchasing an additional 1,859 shares during the period. Burling Wealth Partners LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $2,539,000. Mizuho Securities USA LLC grew its holdings in shares of T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock valued at $10,197,000 after purchasing an additional 14,418 shares during the period. GC Wealth Management RIA LLC grew its holdings in shares of T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after purchasing an additional 1,592 shares during the period. Finally, Advisor Resource Council purchased a new stake in shares of T-Mobile US in the first quarter valued at about $463,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TMUS shares. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday. They issued a "neutral" rating and a $255.00 target price on the stock. Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $252.61.

Insiders Place Their Bets

In other T-Mobile US 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 directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 698,400 shares of company stock valued at $161,083,166 over the last 90 days. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Down 0.2%

NASDAQ:TMUS traded down $0.39 during mid-day trading on Friday, hitting $227.76. The stock had a trading volume of 3,093,633 shares, compared to its average volume of 4,106,017. The stock has a 50-day simple moving average of $237.87 and a two-hundred day simple moving average of $243.50. The company has a market capitalization of $258.61 billion, a PE ratio of 22.22, a PEG ratio of 1.29 and a beta of 0.62. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

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

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US's dividend payout ratio (DPR) is 34.34%.

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.