Fifth Third Bancorp Purchases 8,410 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fifth Third Bancorp raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 297,704 shares of the Wireless communications provider's stock after buying an additional 8,410 shares during the quarter. Fifth Third Bancorp's holdings in T-Mobile US were worth $79,401,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TMUS. Tallon Kerry Patrick acquired a new position in T-Mobile US in the 4th quarter valued at approximately $2,138,000. Golden State Wealth Management LLC bought a new position in T-Mobile US during the fourth quarter valued at about $45,000. Empowered Funds LLC lifted its position in shares of T-Mobile US by 16.9% in the fourth quarter. Empowered Funds LLC now owns 20,617 shares of the Wireless communications provider's stock worth $4,551,000 after buying an additional 2,977 shares during the last quarter. Savant Capital LLC increased its holdings in shares of T-Mobile US by 9.1% during the 4th quarter. Savant Capital LLC now owns 13,483 shares of the Wireless communications provider's stock valued at $2,976,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Essex Financial Services Inc. raised its stake in shares of T-Mobile US by 7.8% in the 4th quarter. Essex Financial Services Inc. now owns 1,603 shares of the Wireless communications provider's stock valued at $354,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Benchmark restated a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Price Performance

TMUS traded down $2.24 during trading on Thursday, hitting $228.70. The company's stock had a trading volume of 5,367,687 shares, compared to its average volume of 4,083,761. The firm's 50 day moving average price is $247.00 and its two-hundred day moving average price is $244.04. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $173.18 and a 12 month high of $276.49. The stock has a market capitalization of $259.68 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

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, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side 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 company 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. T-Mobile US's payout ratio is currently 34.34%.

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.