T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 40.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,149 shares of the Wireless communications provider's stock after selling 2,846 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in T-Mobile US were worth $1,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares in the last quarter. Invesco Ltd. raised its stake in T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after acquiring an additional 384,956 shares in the last quarter. Norges Bank acquired a new stake in T-Mobile US during the 4th quarter worth $1,802,393,000. Capital International Investors raised its stake in T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS traded down $2.24 during midday trading on Thursday, reaching $228.70. 5,367,687 shares of the company's stock were exchanged, compared to its average volume of 4,083,761. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $259.68 billion, a PE ratio of 23.65, a P/E/G ratio of 1.55 and a beta of 0.64. The business's 50-day moving average price is $247.00 and its 200 day moving average price is $244.04. T-Mobile US, Inc. has a 1-year low of $173.18 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 earnings per share. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 34.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Benchmark reissued a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Tigress Financial raised their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

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.