HB Wealth Management LLC Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• HB Wealth Management LLC increased its stake in T-Mobile US by 24.0% during the first quarter, owning nearly 13,796 shares valued at approximately $3.68 million.
• T-Mobile US reported earnings of $2.84 EPS for the last quarter, exceeding expectations and a revenue of $21.13 billion, signifying a 6.9% year-over-year increase.
• The company declared a quarterly dividend of $0.88 per share, which represents a 1.45% dividend yield, scheduled for payment on September 11th.

HB Wealth Management LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,796 shares of the Wireless communications provider's stock after purchasing an additional 2,669 shares during the period. HB Wealth Management LLC's holdings in T-Mobile US were worth $3,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during the 1st 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. Adirondack Trust Co. increased its stake in shares of 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 purchasing an additional 110 shares in the last quarter. City Holding Co. increased its stake in shares of 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 purchasing an additional 43 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $39,000. Finally, 10Elms LLP purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TMUS shares. 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. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,473,190 shares of company stock worth $340,769,943 in the last three months. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 0.7%

Shares of T-Mobile US stock traded down $1.70 during trading hours on Thursday, reaching $239.88. 1,414,597 shares of the company were exchanged, compared to its average volume of 4,353,909. T-Mobile US, Inc. has a 1 year low of $176.89 and a 1 year high of $276.49. The stock's fifty day moving average is $235.05 and its 200 day moving average is $244.98. 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 firm has a market cap of $269.97 billion, a PE ratio of 22.59, a PEG ratio of 1.31 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 earnings per share. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. 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 1.47%. T-Mobile US's payout ratio is currently 33.21%.

T-Mobile US Profile

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.