Main Street Research LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,902 shares of the Wireless communications provider's stock after buying an additional 1,788 shares during the period. T-Mobile US comprises 3.1% of Main Street Research LLC's investment portfolio, making the stock its 12th largest holding. Main Street Research LLC's holdings in T-Mobile US were worth $47,448,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of TMUS. Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 42.5% in the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock worth $635,000 after purchasing an additional 858 shares in the last quarter. Personal CFO Solutions LLC lifted its position in T-Mobile US by 40.3% in the 4th quarter. Personal CFO Solutions LLC now owns 1,583 shares of the Wireless communications provider's stock worth $349,000 after buying an additional 455 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of T-Mobile US by 17.1% during the 4th quarter. AlphaQuest LLC now owns 3,648 shares of the Wireless communications provider's stock valued at $805,000 after buying an additional 532 shares during the period. Moran Wealth Management LLC grew its holdings in shares of T-Mobile US by 0.8% during the 4th quarter. Moran Wealth Management LLC now owns 18,510 shares of the Wireless communications provider's stock valued at $4,086,000 after acquiring an additional 139 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of T-Mobile US by 3.2% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,685 shares of the Wireless communications provider's stock worth $372,000 after acquiring an additional 53 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Price Performance
Shares of TMUS stock traded down $3.66 during trading hours on Wednesday, hitting $232.31. 3,938,124 shares of the company's stock were exchanged, compared to its average volume of 4,101,328. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The stock has a market cap of $263.77 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock's 50-day moving average is $238.54 and its 200-day moving average is $243.53.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm 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 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is 34.34%.
Analysts Set New Price Targets
A number of research firms recently issued reports on TMUS. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Tigress Financial upped their price target 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, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.61.
Read Our Latest Analysis on TMUS
Insider Activity at T-Mobile US
In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred 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 sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 698,400 shares of company stock worth $161,083,166 in the last quarter. Company insiders own 0.37% of the company's stock.
About T-Mobile US
(
Free Report)
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.
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