SeaBridge Investment Advisors LLC lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,589 shares of the Wireless communications provider's stock after selling 1,108 shares during the quarter. T-Mobile US comprises 1.6% of SeaBridge Investment Advisors LLC's holdings, making the stock its 14th largest position. SeaBridge Investment Advisors LLC's holdings in T-Mobile US were worth $7,358,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Proficio Capital Partners LLC lifted its position in T-Mobile US by 42.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock worth $635,000 after buying an additional 858 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in T-Mobile US during the fourth quarter worth approximately $2,207,000. Choate Investment Advisors lifted its position in T-Mobile US by 22.7% during the fourth quarter. Choate Investment Advisors now owns 1,447 shares of the Wireless communications provider's stock worth $319,000 after buying an additional 268 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in T-Mobile US by 10.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 28,181 shares of the Wireless communications provider's stock worth $6,220,000 after acquiring an additional 2,754 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in T-Mobile US by 10.3% during the fourth quarter. Harbour Investments Inc. now owns 1,009 shares of the Wireless communications provider's stock worth $223,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
Insider Activity at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total value of $15,943,075.20. Following the completion of the sale, the director directly owned 647,171,964 shares in the company, valued at approximately $147,736,415,941.92. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 1,116,990 shares of company stock worth $256,892,992. Corporate insiders own 0.37% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on TMUS shares. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. 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 report on Monday, July 7th. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Tigress Financial lifted 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. Finally, Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $252.61.
Check Out Our Latest Report on T-Mobile US
T-Mobile US Stock Performance
NASDAQ TMUS traded up $0.13 on Friday, hitting $227.16. 1,442,025 shares of the company's stock were exchanged, compared to its average volume of 4,085,613. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The firm has a market cap of $257.92 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.27 and a beta of 0.62. The firm's 50-day moving average price is $235.62 and its two-hundred day moving average price is $243.67. 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 released its quarterly earnings data 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 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 for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 EPS. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 1.55%. T-Mobile US's payout ratio is 34.34%.
T-Mobile US Company Profile
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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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