T-Mobile US, Inc. $TMUS Stock Holdings Increased by Summit Financial LLC

Key Points

• Summit Financial LLC increased its stake in T-Mobile US, Inc. by 39.5%, owning 5,001 shares worth approximately $1,334,000 as of its recent SEC filing.
• T-Mobile US reported earnings of $2.84 per share, exceeding estimates, alongside revenue of $21.13 billion, marking a 6.9% year-over-year increase.
• The company declared a quarterly dividend of $0.88, providing an annual yield of 1.4%, with an ex-dividend date set for August 29th.

Summit Financial LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,001 shares of the Wireless communications provider's stock after purchasing an additional 1,416 shares during the quarter. Summit Financial LLC's holdings in T-Mobile US were worth $1,334,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Tiemann Investment Advisors LLC acquired a new stake in shares of T-Mobile US during the first quarter worth $210,000. Candriam S.C.A. boosted its holdings in shares of T-Mobile US by 77.9% during the first quarter. Candriam S.C.A. now owns 130,266 shares of the Wireless communications provider's stock worth $34,743,000 after purchasing an additional 57,033 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of T-Mobile US by 13.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,688 shares of the Wireless communications provider's stock worth $984,000 after purchasing an additional 432 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of T-Mobile US by 3.3% during the first quarter. GDS Wealth Management now owns 5,699 shares of the Wireless communications provider's stock worth $1,520,000 after purchasing an additional 184 shares during the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of T-Mobile US by 3.0% during the first quarter. Capital Analysts LLC now owns 19,864 shares of the Wireless communications provider's stock worth $5,299,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Down 0.1%

Shares of NASDAQ TMUS traded down $0.21 during midday trading on Monday, reaching $251.74. 4,286,126 shares of the company's stock were exchanged, compared to its average volume of 3,841,946. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The stock has a market capitalization of $283.31 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business's fifty day moving average price is $238.40 and its two-hundred day moving average price is $248.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. 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. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares of the company's stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $251.32, for a total value of $17,552,188.80. Following the completion of the sale, the director directly owned 635,782,844 shares of the company's stock, valued at approximately $159,784,944,354.08. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,278,730 shares of company stock valued at $540,242,549 over the last three months. 0.37% of the stock is owned by insiders.

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.