Linden Thomas Advisory Services LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Linden Thomas Advisory Services LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,021 shares of the Wireless communications provider's stock after buying an additional 1,442 shares during the period. T-Mobile US makes up about 0.7% of Linden Thomas Advisory Services LLC's holdings, making the stock its 19th biggest position. Linden Thomas Advisory Services LLC's holdings in T-Mobile US were worth $5,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. boosted its holdings in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after acquiring an additional 384,956 shares during the period. Norges Bank purchased a new position in T-Mobile US in the 4th quarter worth approximately $1,802,393,000. Capital International Investors boosted its holdings in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Royal Bank Of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Fourteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.98.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated 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 sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 698,400 shares of company stock valued at $161,083,166. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 0.7%

NASDAQ TMUS opened at $235.97 on Wednesday. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The business's 50-day moving average is $238.54 and its 200 day moving average is $243.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market capitalization of $267.93 billion, a PE ratio of 23.02, a PEG ratio of 1.10 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Sell-side analysts forecast 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. Investors 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 1.49%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

T-Mobile US 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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