Skylands Capital LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 36.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,960 shares of the Wireless communications provider's stock after selling 9,910 shares during the quarter. Skylands Capital LLC's holdings in T-Mobile US were worth $4,523,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV grew its stake in T-Mobile US by 60.3% in the 1st quarter. KBC Group NV now owns 267,380 shares of the Wireless communications provider's stock valued at $71,313,000 after acquiring an additional 100,549 shares during the period. RBA Wealth Management LLC grew its stake in T-Mobile US by 1.5% in the 1st quarter. RBA Wealth Management LLC now owns 21,213 shares of the Wireless communications provider's stock valued at $5,658,000 after acquiring an additional 311 shares during the period. Joel Isaacson & Co. LLC grew its stake in T-Mobile US by 5.1% in the 1st quarter. Joel Isaacson & Co. LLC now owns 1,133 shares of the Wireless communications provider's stock valued at $302,000 after acquiring an additional 55 shares during the period. Convergence Financial LLC acquired a new stake in T-Mobile US in the 1st quarter valued at $276,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in T-Mobile US by 1.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,401,520 shares of the Wireless communications provider's stock valued at $373,799,000 after acquiring an additional 20,717 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Eleven investment 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. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.
Read Our Latest Research Report on TMUS
T-Mobile US Stock Up 1.7%
Shares of NASDAQ:TMUS opened at $235.25 on Friday. The business has a 50-day moving average price of $240.00 and a 200 day moving average price of $242.86. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $267.11 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.30 and a beta of 0.64. 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 data 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 firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $2.00 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $230.56, for a total value of $16,102,310.40. Following the completion of the transaction, the director now directly owns 648,149,724 shares of the company's stock, valued at $149,437,400,365.44. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 419,040 shares of company stock valued at $94,880,434 in the last three months. 0.37% of the stock is owned by corporate insiders.
About T-Mobile US
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
