Q3 Asset Management Takes $571,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Q3 Asset Management bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,140 shares of the Wireless communications provider's stock, valued at approximately $571,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Geode Capital Management LLC boosted its stake in shares of T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after buying an additional 90,755 shares during the period. Invesco Ltd. lifted its stake in T-Mobile US by 4.6% during the fourth 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 during the last quarter. Norges Bank bought a new stake in T-Mobile US during the fourth quarter worth $1,802,393,000. Capital International Investors lifted its stake in T-Mobile US by 36.2% during the fourth 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 during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.2%

NASDAQ TMUS traded down $0.39 on Friday, reaching $227.76. The company had a trading volume of 3,093,664 shares, compared to its average volume of 4,107,656. The firm has a market cap of $258.61 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The business has a 50 day moving average of $237.45 and a two-hundred day moving average of $243.68. 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 (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data 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. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the business posted $2.00 earnings per share. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. T-Mobile US's payout ratio is currently 34.34%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $227.55, for a total transaction of $15,892,092.00. Following the completion of the sale, the director directly owned 647,381,484 shares in the company, valued at approximately $147,311,656,684.20. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 907,470 shares of company stock worth $209,055,386. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMUS shares. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $252.61.

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.