Breakwater Capital Group Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Breakwater Capital Group lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 143.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,368 shares of the Wireless communications provider's stock after purchasing an additional 1,394 shares during the quarter. Breakwater Capital Group's holdings in T-Mobile US were worth $632,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the fourth quarter valued at about $28,000. Adirondack Trust Co. boosted its stake 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 buying an additional 110 shares during the period. Pinney & Scofield Inc. purchased a new position in T-Mobile US during the fourth quarter worth about $39,000. Finally, DT Investment Partners LLC increased its position in shares of T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 0.4%

NASDAQ TMUS traded up $0.96 during trading on Friday, reaching $245.86. 2,022,505 shares of the company's stock were exchanged, compared to its average volume of 4,126,319. T-Mobile US, Inc. has a 1 year low of $171.18 and a 1 year high of $276.49. The stock has a market cap of $279.16 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a 50 day moving average price of $248.49 and a two-hundred day moving average price of $244.07.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the company posted $2.00 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) 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.