Rice Partnership LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 61.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,523 shares of the Wireless communications provider's stock after selling 26,216 shares during the quarter. Rice Partnership LLC's holdings in T-Mobile US were worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of TMUS. Activest Wealth Management boosted its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Finally, City Holding Co. lifted its position in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Trading Down 0.5%
TMUS stock opened at $226.58 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market capitalization of $255.00 billion, a PE ratio of 21.38, a P/E/G ratio of 1.46 and a beta of 0.59. The firm's 50-day moving average is $243.77 and its 200 day moving average is $243.46. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $2.49 EPS. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is presently 33.21%.
Insiders Place Their Bets
In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the sale, the director owned 628,168,603 shares of the company's stock, valued at approximately $141,086,668,233.80. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 2,504,415 shares of company stock worth $604,166,102. 0.37% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research firms have commented on TMUS. Weiss Ratings reiterated a "buy (b)" rating on shares of T-Mobile US in a research report on Wednesday. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Rothschild Redb upgraded shares of T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Finally, Moffett Nathanson raised their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $264.29.
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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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