T-Mobile US, Inc. (NASDAQ:TMUS) Position Reduced by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,073 shares of the Wireless communications provider's stock after selling 3,585 shares during the period. Concurrent Investment Advisors LLC's holdings in T-Mobile US were worth $3,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HM Payson & Co. boosted its position in shares of T-Mobile US by 14.6% during the 1st quarter. HM Payson & Co. now owns 1,482 shares of the Wireless communications provider's stock valued at $395,000 after purchasing an additional 189 shares in the last quarter. World Investment Advisors lifted its stake in T-Mobile US by 8.5% during the first quarter. World Investment Advisors now owns 1,840 shares of the Wireless communications provider's stock valued at $491,000 after purchasing an additional 144 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in T-Mobile US during the first quarter valued at approximately $171,000. Truist Financial Corp boosted its holdings in T-Mobile US by 3.3% during the first quarter. Truist Financial Corp now owns 461,308 shares of the Wireless communications provider's stock worth $123,036,000 after buying an additional 14,769 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of T-Mobile US in the first quarter valued at $249,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TMUS. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research report on Friday, March 14th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Benchmark reaffirmed a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Trading Up 1.2%

T-Mobile US stock opened at $240.31 on Monday. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The stock has a market cap of $272.86 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.32 and a beta of 0.62. The company's fifty day simple moving average is $238.63 and its 200-day simple moving average is $243.47.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.46%. T-Mobile US's payout ratio is 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total value of $16,614,237.60. Following the completion of the sale, the director directly owned 647,800,524 shares in the company, valued at $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 628,560 shares of company stock valued at $144,455,659 in the last 90 days. Corporate insiders own 0.37% of the company's stock.

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.

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