Perpetual Ltd lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 64.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,622 shares of the Wireless communications provider's stock after selling 4,764 shares during the period. Perpetual Ltd's holdings in T-Mobile US were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. NewEdge Wealth LLC grew its holdings in T-Mobile US by 41.2% during the fourth quarter. NewEdge Wealth LLC now owns 5,651 shares of the Wireless communications provider's stock valued at $1,247,000 after purchasing an additional 1,648 shares during the period. Kovack Advisors Inc. boosted its position in shares of T-Mobile US by 22.4% during the fourth quarter. Kovack Advisors Inc. now owns 1,223 shares of the Wireless communications provider's stock worth $270,000 after purchasing an additional 224 shares in the last quarter. Tower Bridge Advisors grew its holdings in shares of T-Mobile US by 4.5% in the 4th quarter. Tower Bridge Advisors now owns 52,984 shares of the Wireless communications provider's stock valued at $11,695,000 after buying an additional 2,298 shares during the period. Flputnam Investment Management Co. grew its holdings in shares of T-Mobile US by 0.9% in the 4th quarter. Flputnam Investment Management Co. now owns 149,352 shares of the Wireless communications provider's stock valued at $32,966,000 after buying an additional 1,346 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at $1,060,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US Price Performance
Shares of NASDAQ TMUS opened at $235.25 on Friday. 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 business has a 50-day moving average of $240.00 and a 200-day moving average of $242.86. The stock has a market capitalization of $267.11 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.30 and a beta of 0.64. 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 posted its quarterly 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 firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 1.50%. T-Mobile US's dividend payout ratio is presently 34.34%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TMUS. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Eleven investment 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.
Check Out Our Latest Stock Analysis on TMUS
Insider Activity at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $230.56, for a total value of $16,102,310.40. Following the completion of the sale, the director now owns 648,149,724 shares in the company, valued at $149,437,400,365.44. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 419,040 shares of company stock valued at $94,880,434. 0.37% of the stock is owned by corporate insiders.
About T-Mobile US
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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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