QRG Capital Management Inc. Purchases 8,379 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

QRG Capital Management Inc. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,107 shares of the Wireless communications provider's stock after acquiring an additional 8,379 shares during the period. QRG Capital Management Inc.'s holdings in T-Mobile US were worth $28,033,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Tallon Kerry Patrick purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $2,138,000. Van ECK Associates Corp increased its stake in T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock valued at $4,603,000 after buying an additional 625 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $285,000. Congress Asset Management Co. purchased a new position in shares of T-Mobile US in the 4th quarter worth approximately $1,879,000. Finally, Principal Securities Inc. grew its holdings in shares of T-Mobile US by 21.8% in the fourth quarter. Principal Securities Inc. now owns 12,175 shares of the Wireless communications provider's stock valued at $2,687,000 after acquiring an additional 2,181 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Price Performance

NASDAQ TMUS traded up $2.99 during trading on Monday, reaching $230.99. The company's stock had a trading volume of 3,709,646 shares, compared to its average volume of 4,078,347. The firm has a fifty day moving average of $246.27 and a 200 day moving average of $243.82. The stock has a market capitalization of $262.28 billion, a PE ratio of 23.89, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the company posted $2.00 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed 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 1.52%. T-Mobile US's payout ratio is 34.34%.

T-Mobile US Company 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.