Park Avenue Securities LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Avenue Securities LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 34,573 shares of the Wireless communications provider's stock after purchasing an additional 2,844 shares during the period. Park Avenue Securities LLC's holdings in T-Mobile US were worth $9,221,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Godsey & Gibb Inc. lifted its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. boosted its stake in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Finally, Pinney & Scofield Inc. purchased a new position in T-Mobile US during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded down $7.91 during mid-day trading on Monday, reaching $237.95. The stock had a trading volume of 4,537,262 shares, compared to its average volume of 4,120,496. The business's 50 day moving average price is $248.49 and its 200 day moving average price is $244.19. T-Mobile US, Inc. has a 1 year low of $171.18 and a 1 year high of $276.49. The company has a market cap of $270.18 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the firm earned $2.00 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research analyst reports. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Tigress Financial increased their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

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.