AlphaQuest LLC Has $1.52 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• AlphaQuest LLC increased its holdings in T-Mobile US, Inc. by 56.0% in the first quarter, owning a total of 5,691 shares valued at $1,518,000.
• Despite the growth in institutional holdings, T-Mobile US shares fell 2.4% recently; the company's latest quarterly earnings beat estimates with an EPS of $2.84 against an expected $2.69.
• The company declared a quarterly dividend of $0.88 to be paid on September 11th, with an annualized yield of 1.4%.

AlphaQuest LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 56.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,691 shares of the Wireless communications provider's stock after buying an additional 2,043 shares during the quarter. AlphaQuest LLC's holdings in T-Mobile US were worth $1,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC grew its position in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC grew its position in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 41 shares during the last quarter. Hohimer Wealth Management LLC grew its position in shares of T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its position in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $0.21 during mid-day trading on Monday, hitting $251.74. 4,286,126 shares of the stock were exchanged, compared to its average volume of 3,841,946. The company has a market cap of $283.31 billion, a P/E ratio of 23.75, a PEG ratio of 1.38 and a beta of 0.62. The stock's fifty day simple moving average is $238.40 and its two-hundred day simple moving average is $248.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.49 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business 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 dividend yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider directly owned 158,703 shares of the company's stock, valued at $39,853,497.36. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,278,730 shares of company stock valued at $540,242,549 over the last quarter. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TMUS shares. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. KeyCorp reiterated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. 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. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US 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.