Jackson Square Capital LLC Buys 7,968 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Jackson Square Capital LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,423 shares of the Wireless communications provider's stock after purchasing an additional 7,968 shares during the quarter. T-Mobile US makes up about 2.6% of Jackson Square Capital LLC's holdings, making the stock its 11th largest position. Jackson Square Capital LLC's holdings in T-Mobile US were worth $8,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Ancora Advisors LLC raised its stake in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 37 shares during the period. Snowden Capital Advisors LLC grew its position in T-Mobile US by 0.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after purchasing an additional 41 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock worth $1,340,000 after purchasing an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.3%

TMUS traded down $0.70 on Friday, hitting $228.00. The company had a trading volume of 4,379,818 shares, compared to its average volume of 4,079,641. The company has a market cap of $258.88 billion, a PE ratio of 23.58, a PEG ratio of 1.55 and a beta of 0.64. 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 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business's fifty day simple moving average is $246.27 and its 200 day simple moving average is $243.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results 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 business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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 paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 34.34%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TMUS. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Scotiabank raised 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. 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $257.68.

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.