Rice Partnership LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Rice Partnership LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,739 shares of the Wireless communications provider's stock after buying an additional 7,955 shares during the period. T-Mobile US accounts for approximately 2.3% of Rice Partnership LLC's portfolio, making the stock its 14th largest holding. Rice Partnership LLC's holdings in T-Mobile US were worth $11,399,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TMUS. Argentarii LLC lifted its position in T-Mobile US by 5.2% during the first quarter. Argentarii LLC now owns 1,745 shares of the Wireless communications provider's stock valued at $466,000 after buying an additional 87 shares during the period. Jackson Wealth Management LLC purchased a new position in T-Mobile US in the 1st quarter worth about $462,000. HM Payson & Co. grew its stake in shares of T-Mobile US by 14.6% during the 1st quarter. HM Payson & Co. now owns 1,482 shares of the Wireless communications provider's stock valued at $395,000 after purchasing an additional 189 shares during the period. World Investment Advisors grew its stake in shares of T-Mobile US by 8.5% during the 1st quarter. World Investment Advisors now owns 1,840 shares of the Wireless communications provider's stock valued at $491,000 after purchasing an additional 144 shares during the period. Finally, Wayfinding Financial LLC bought a new position in shares of T-Mobile US during the 1st quarter valued at approximately $171,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TMUS shares. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. upped their target price 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. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Fourteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $254.98.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total value of $16,614,237.60. Following the completion of the sale, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 628,560 shares of company stock worth $144,455,659. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 1.3%

Shares of NASDAQ:TMUS traded down $3.12 during midday trading on Monday, hitting $237.63. 2,957,849 shares of the stock were exchanged, compared to its average volume of 4,094,708. The business's 50-day moving average price is $238.63 and its 200 day moving average price is $243.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock has a market capitalization of $269.81 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.32 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 earnings per share. Analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. 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.