T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 31.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,561 shares of the Wireless communications provider's stock after acquiring an additional 1,568 shares during the quarter. Penserra Capital Management LLC's holdings in T-Mobile US were worth $1,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in 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 in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the 4th quarter worth $28,000. 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 worth $37,000 after acquiring an additional 43 shares during the last quarter. Finally, 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 worth $37,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent analyst reports. KeyCorp reissued an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.61.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The stock was 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 represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 698,400 shares of company stock valued at $161,083,166 in the last quarter. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

TMUS stock traded down $0.39 on Friday, reaching $227.76. 3,093,618 shares of the company's stock were exchanged, compared to its average volume of 4,358,328. The stock has a fifty day moving average of $237.87 and a 200-day moving average of $243.50. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The firm has a market cap of $258.61 billion, a PE ratio of 22.22, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. T-Mobile US's dividend payout ratio is currently 34.34%.

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.