Cambridge Investment Research Advisors Inc. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,839 shares of the Wireless communications provider's stock after acquiring an additional 2,649 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in T-Mobile US were worth $10,892,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of T-Mobile US during the 1st quarter worth approximately $3,654,000. Childress Capital Advisors LLC lifted its position in T-Mobile US by 4.3% during the first quarter. Childress Capital Advisors LLC now owns 1,120 shares of the Wireless communications provider's stock worth $299,000 after buying an additional 46 shares in the last quarter. Heartland Bank & Trust Co boosted its stake in T-Mobile US by 20.3% during the first quarter. Heartland Bank & Trust Co now owns 2,333 shares of the Wireless communications provider's stock worth $622,000 after buying an additional 394 shares during the last quarter. Bright Futures Wealth Management LLC. grew its holdings in T-Mobile US by 47.0% in the 1st quarter. Bright Futures Wealth Management LLC. now owns 5,424 shares of the Wireless communications provider's stock valued at $1,375,000 after buying an additional 1,734 shares in the last quarter. Finally, Cullinan Associates Inc. acquired a new stake in shares of T-Mobile US in the 1st quarter worth $213,000. Hedge funds and other institutional investors own 42.49% of the company's stock.
Insider Buying and Selling at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company'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 sale, the director now owns 588,413,779 shares of the company's stock, valued at approximately $134,599,651,946.25. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 279,360 shares of company stock valued at $63,022,219 in the last 90 days. Company insiders own 0.37% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TMUS. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.
Check Out Our Latest Stock Analysis on T-Mobile US
T-Mobile US Trading Up 0.5%
TMUS traded up $1.08 during mid-day trading on Wednesday, hitting $230.90. 5,428,525 shares of the stock were exchanged, compared to its average volume of 4,387,365. The firm's fifty day moving average is $241.72 and its two-hundred day moving average is $242.86. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a market cap of $262.17 billion, a PE ratio of 22.53, a PEG ratio of 1.25 and a beta of 0.64. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently announced 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 1.52%. T-Mobile US's dividend payout ratio (DPR) is presently 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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