Proficio Capital Partners LLC Has $7.43 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Proficio Capital Partners LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 868.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 27,869 shares of the Wireless communications provider's stock after purchasing an additional 24,992 shares during the quarter. Proficio Capital Partners LLC's holdings in T-Mobile US were worth $7,433,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TMUS. Godsey & Gibb Inc. boosted its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the fourth quarter valued at about $28,000. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares in the last quarter. City Holding Co. boosted its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in T-Mobile US in the fourth quarter valued at about $39,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research note on Monday, July 7th. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $255.12.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.63 during mid-day trading on Tuesday, reaching $233.25. 4,000,572 shares of the company were exchanged, compared to its average volume of 4,100,193. The company's 50-day simple moving average is $235.29 and its 200-day simple moving average is $244.04. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $264.84 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.29 and a beta of 0.62. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49.

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 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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 issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. 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

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,256,670 shares of company stock valued at $288,999,139. 0.37% of the stock is owned by company insiders.

T-Mobile US Company Profile

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.