Sawgrass Asset Management LLC Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sawgrass Asset Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,532 shares of the Wireless communications provider's stock, valued at approximately $6,543,000.

Several other hedge funds have also recently modified their holdings of the business. Tallon Kerry Patrick bought a new position in T-Mobile US during the 4th quarter valued at about $2,138,000. Highview Capital Management LLC DE grew its position in T-Mobile US by 1.2% in the 4th quarter. Highview Capital Management LLC DE now owns 16,253 shares of the Wireless communications provider's stock worth $3,588,000 after purchasing an additional 192 shares during the period. Sigma Planning Corp lifted its holdings in shares of T-Mobile US by 5.1% during the 4th quarter. Sigma Planning Corp now owns 8,190 shares of the Wireless communications provider's stock valued at $1,808,000 after buying an additional 396 shares during the period. Howard Capital Management Inc. boosted its stake in shares of T-Mobile US by 2.9% in the 4th quarter. Howard Capital Management Inc. now owns 14,991 shares of the Wireless communications provider's stock worth $3,309,000 after buying an additional 426 shares during the last quarter. Finally, MONECO Advisors LLC grew its holdings in shares of T-Mobile US by 3.1% in the fourth quarter. MONECO Advisors LLC now owns 2,432 shares of the Wireless communications provider's stock worth $537,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the transaction, the director now owns 588,413,779 shares in the company, valued at approximately $134,599,651,946.25. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 279,360 shares of company stock worth $63,022,219. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS traded up $5.46 during midday trading on Monday, hitting $226.98. 7,467,118 shares of the company traded hands, compared to its average volume of 4,373,354. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock has a market cap of $257.72 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.22 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The firm has a 50 day moving average of $243.17 and a 200-day moving average of $243.06.

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 19.09% and a net margin of 14.41%. 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. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US's payout ratio is 34.34%.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the company 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. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada upped their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target 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.