T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,787 shares of the Wireless communications provider's stock after purchasing an additional 2,502 shares during the period. Miller Howard Investments Inc. NY's holdings in T-Mobile US were worth $10,611,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TMUS. Avantax Advisory Services Inc. lifted its position in T-Mobile US by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after buying an additional 1,859 shares during the period. Burling Wealth Partners LLC acquired a new position in shares of T-Mobile US during the 4th quarter valued at about $2,539,000. Mizuho Securities USA LLC boosted its position 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 worth $10,197,000 after acquiring an additional 14,418 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $452,721,000. Finally, GC Wealth Management RIA LLC increased its position in T-Mobile US by 14.3% during the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock worth $2,804,000 after purchasing an additional 1,592 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.7%

TMUS traded down $4.09 during trading on Wednesday, hitting $237.42. The company had a trading volume of 3,411,659 shares, compared to its average volume of 4,091,415. The company has a market cap of $269.58 billion, a PE ratio of 23.16, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The business has a 50-day moving average of $239.36 and a 200-day moving average of $242.96.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for 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 revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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. Stockholders of record on Friday, August 29th will be given 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 34.34%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $237.61, for a total transaction of $16,594,682.40. Following the transaction, the director directly owned 647,940,204 shares in the company, valued at $153,957,071,872.44. This trade 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 through this hyperlink. In the last ninety days, insiders sold 558,720 shares of company stock valued at $127,841,422. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Finally, Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

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.