Seaview Investment Managers LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,277 shares of the Wireless communications provider's stock after selling 1,175 shares during the period. T-Mobile US makes up 3.4% of Seaview Investment Managers LLC's portfolio, making the stock its 5th biggest position. Seaview Investment Managers LLC's holdings in T-Mobile US were worth $11,009,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter valued at $29,000. TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. City Holding Co. lifted its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. lifted its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,904,530 shares of company stock worth $445,006,069 in the last quarter. Insiders own 0.37% of the company's stock.
T-Mobile US Stock Down 0.6%
TMUS stock opened at $250.84 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 firm has a market cap of $282.30 billion, a PE ratio of 23.66, a P/E/G ratio of 1.39 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The firm has a 50 day simple moving average of $235.30 and a 200 day simple moving average of $246.82.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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 analysts' expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. Equities research 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 declared 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 1.4%. T-Mobile US's payout ratio is currently 33.21%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TMUS. JPMorgan Chase & Co. raised their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.
Read Our Latest Report on T-Mobile US
About T-Mobile US
(
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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