Braun Stacey Associates Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 132,211 shares of the Wireless communications provider's stock after selling 7,639 shares during the quarter. T-Mobile US comprises about 1.4% of Braun Stacey Associates Inc.'s portfolio, making the stock its 17th biggest position. Braun Stacey Associates Inc.'s holdings in T-Mobile US were worth $35,262,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. increased its position in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after acquiring an additional 384,956 shares during the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Capital International Investors increased its position in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on TMUS shares. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Scotiabank raised 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. Finally, Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.
View Our Latest Analysis on T-Mobile US
T-Mobile US Price Performance
NASDAQ TMUS traded up $2.89 during trading hours on Friday, reaching $240.31. 1,998,845 shares of the stock traded hands, compared to its average volume of 4,099,274. The stock has a 50 day simple moving average of $238.63 and a two-hundred day simple moving average of $243.13. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. 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 company has a market cap of $272.86 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating 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 business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the business posted $2.00 earnings per share. The company's revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given 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 1.46%. T-Mobile US's payout ratio is 34.34%.
Insiders Place Their Bets
In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated 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 transaction, the director owned 647,800,524 shares in the company, valued at approximately $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 628,560 shares of company stock worth $144,455,659 in the last quarter. Company insiders own 0.37% of the company's stock.
T-Mobile US 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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