Ethic Inc. Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Ethic Inc. increased its stake in T-Mobile US by 2.4% during the 1st quarter, now holding 92,598 shares valued at approximately $24.87 million.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding expectations and showing a 6.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.88, yielding 1.4%, with the payout scheduled for September 11th to shareholders on record as of August 29th.

Ethic Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,598 shares of the Wireless communications provider's stock after buying an additional 2,132 shares during the quarter. T-Mobile US comprises about 0.5% of Ethic Inc.'s holdings, making the stock its 28th largest position. Ethic Inc.'s holdings in T-Mobile US were worth $24,866,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US during the first quarter worth about $29,000. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. boosted its holdings in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on TMUS. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction 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 transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 1,974,370 shares of company stock valued at $462,526,830. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $0.55 during trading on Monday, reaching $255.18. The company had a trading volume of 3,308,715 shares, compared to its average volume of 4,329,075. The company has a fifty day moving average of $235.58 and a two-hundred day moving average of $247.42. The stock has a market capitalization of $287.18 billion, a P/E ratio of 24.07, a price-to-earnings-growth 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 company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.49 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business 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 $0.88 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is presently 33.21%.

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.