One Wealth Advisors LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,644 shares of the Wireless communications provider's stock after selling 1,459 shares during the quarter. One Wealth Advisors LLC's holdings in T-Mobile US were worth $438,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TMUS. Geode Capital Management LLC increased its stake in T-Mobile US by 0.8% in 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. increased its stake 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 purchasing an additional 384,956 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US in the 4th quarter worth about $1,802,393,000. Capital International Investors increased its stake 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 purchasing an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Stock Performance
T-Mobile US stock traded down $3.95 on Friday, hitting $243.55. The company's stock had a trading volume of 5,204,895 shares, compared to its average volume of 4,120,475. The firm has a market cap of $274.10 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of $235.19 and a 200-day moving average price of $244.45. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts anticipate 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 issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.
Wall Street Analysts Forecast Growth
TMUS has been the topic of several research analyst reports. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Benchmark reiterated a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $256.31.
View Our Latest Report on T-Mobile US
Insider Buying and Selling at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the sale, the director owned 646,822,764 shares of the company's stock, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 1,326,510 shares of company stock valued at $305,246,018. 0.37% of the stock is currently owned by corporate insiders.
About T-Mobile US
(
Free Report)
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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