Cetera Investment Advisers lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,512 shares of the Wireless communications provider's stock after purchasing an additional 21,342 shares during the period. Cetera Investment Advisers' holdings in T-Mobile US were worth $31,608,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in TMUS. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% in the 1st 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 during the period. City Holding Co. raised its stake 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 valued at $37,000 after acquiring an additional 43 shares during the period. Adirondack Trust Co. raised its stake 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 valued at $37,000 after acquiring an additional 110 shares during the period. Pinney & Scofield Inc. bought a new stake in T-Mobile US in the 4th quarter valued at about $39,000. Finally, Tsfg LLC bought a new stake in T-Mobile US in the 1st quarter valued at about $47,000. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Price Performance
TMUS traded down $5.36 during midday trading on Monday, hitting $238.19. The stock had a trading volume of 3,702,649 shares, compared to its average volume of 4,382,313. The company has a market cap of $268.06 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. 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 has a fifty day moving average of $235.19 and a 200 day moving average of $244.86.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.
Insider Transactions at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 1,326,510 shares of company stock valued at $305,246,018 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Royal Bank Of Canada upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $256.31.
Read Our Latest Research 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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