Bank of New York Mellon Corp decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,819,497 shares of the Wireless communications provider's stock after selling 161,712 shares during the quarter. Bank of New York Mellon Corp owned 0.42% of T-Mobile US worth $1,285,408,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after buying an additional 1,859 shares during the last quarter. Burling Wealth Partners LLC purchased a new position in T-Mobile US in the 4th quarter worth about $2,539,000. Mizuho Securities USA LLC raised its position in T-Mobile US by 45.4% in the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after buying an additional 14,418 shares during the last quarter. GC Wealth Management RIA LLC raised its position in T-Mobile US by 14.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock worth $2,804,000 after buying an additional 1,592 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in T-Mobile US in the 1st quarter worth about $463,000. Hedge funds and other institutional investors own 42.49% of the company's stock.
Wall Street Analyst Weigh In
TMUS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Benchmark restated a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Tigress Financial boosted their price target 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. Royal Bank Of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Finally, Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Eleven equities 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's stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.
Get Our Latest Analysis on T-Mobile US
Insider Activity
In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the sale, the director directly owned 647,800,524 shares of the company's stock, valued at $154,105,266,654.36. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 628,560 shares of company stock worth $144,455,659. 0.37% of the stock is owned by corporate insiders.
T-Mobile US Price Performance
NASDAQ TMUS traded up $2.89 during trading hours on Friday, reaching $240.31. The company's stock had a trading volume of 1,998,845 shares, compared to its average volume of 4,099,274. The firm's 50-day moving average price is $238.63 and its 200-day moving average price is $243.47. 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, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a market capitalization of $272.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.32 and a beta of 0.62.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 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 analysts' expectations of $20.67 billion. During the same period in the previous year, the firm earned $2.00 EPS. The firm's revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. 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 1.46%. T-Mobile US's dividend payout ratio is presently 34.34%.
T-Mobile US Company Profile
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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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