LPL Financial LLC Has $131.49 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

LPL Financial LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 493,004 shares of the Wireless communications provider's stock after buying an additional 64,580 shares during the quarter. LPL Financial LLC's holdings in T-Mobile US were worth $131,489,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Ancora Advisors LLC grew its holdings in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 37 shares in the last quarter. Snowden Capital Advisors LLC grew its holdings in shares of T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after buying an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its holdings in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The stock was 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 trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 1,333,510 shares of company stock valued at $306,996,018. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $238.19 on Tuesday. The stock has a market capitalization of $268.06 billion, a PE ratio of 22.47, a P/E/G ratio of 1.33 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The business has a fifty day moving average price of $235.07 and a two-hundred day moving average price of $245.04. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the company posted $2.49 EPS. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal 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 paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US's payout ratio is 33.21%.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Finally, Royal Bank Of Canada raised their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.31.

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.

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