Procyon Advisors LLC Sells 1,193 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Procyon Advisors LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,342 shares of the Wireless communications provider's stock after selling 1,193 shares during the period. Procyon Advisors LLC's holdings in T-Mobile US were worth $4,892,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US in the fourth quarter worth about $1,552,000. Van ECK Associates Corp increased its stake in shares of T-Mobile US by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock worth $4,603,000 after purchasing an additional 625 shares during the period. CFC Planning Co LLC bought a new position in shares of T-Mobile US in the fourth quarter worth about $476,000. Avantax Advisory Services Inc. increased its stake in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after purchasing an additional 1,859 shares during the period. Finally, Burling Wealth Partners LLC bought a new position in shares of T-Mobile US in the fourth quarter worth about $2,539,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.2%

NASDAQ TMUS opened at $244.90 on Friday. The firm has a market cap of $278.07 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The stock's 50 day simple moving average is $248.95 and its 200 day simple moving average is $243.99. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping 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 return on equity of 18.09% and a net margin of 13.93%. T-Mobile US's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.44%. T-Mobile US's dividend payout ratio is 34.34%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Tigress Financial upped 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. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Company 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.

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