T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Rice Partnership LLC

Rice Partnership LLC increased its position in 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 institutional investor owned 42,739 shares of the Wireless communications provider's stock after purchasing an additional 7,955 shares during the quarter. T-Mobile US makes up about 2.3% of Rice Partnership LLC's portfolio, making the stock its 14th biggest position. Rice Partnership LLC's holdings in T-Mobile US were worth $11,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Argentarii LLC boosted its position in T-Mobile US by 5.2% during the 1st quarter. Argentarii LLC now owns 1,745 shares of the Wireless communications provider's stock valued at $466,000 after acquiring an additional 87 shares in the last quarter. Jackson Wealth Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at $462,000. HM Payson & Co. boosted its position in 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 acquiring an additional 189 shares in the last quarter. World Investment Advisors boosted its position in 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 acquiring an additional 144 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $171,000. Institutional investors own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 698,400 shares of company stock valued at $161,083,166 in the last three months. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday. Bank of America began coverage on T-Mobile US in a report on Monday. They set a "neutral" rating and a $255.00 price objective for the company. 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 research note on Monday. Finally, UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Stock Performance

TMUS traded down $3.66 during midday trading on Wednesday, hitting $232.31. 3,927,693 shares of the company were exchanged, compared to its average volume of 4,096,694. The company's 50 day simple moving average is $238.54 and its 200 day simple moving average is $243.53. The firm has a market capitalization of $263.78 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49.

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 for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the firm earned $2.00 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's 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.