AQR Capital Management LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• AQR Capital Management LLC increased its stake in T-Mobile US by 41.9% during the first quarter, now holding around 971,862 shares valued at approximately $259 million.
• T-Mobile US recently reported earnings of $2.84 per share, surpassing analysts' expectations, with a year-over-year revenue growth of 6.9% amounting to $21.13 billion.
• The company declared a quarterly dividend of $0.88 per share, with an annualized dividend yield of 1.4%, reflecting a dividend payout ratio of 33.21%.

AQR Capital Management LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 41.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 971,862 shares of the Wireless communications provider's stock after acquiring an additional 287,147 shares during the quarter. AQR Capital Management LLC owned approximately 0.09% of T-Mobile US worth $259,205,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Ancora Advisors LLC lifted its holdings in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 37 shares during the period. Snowden Capital Advisors LLC raised its stake 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 buying an additional 40 shares during the period. Financial Management Professionals Inc. raised its stake 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 buying an additional 41 shares during the period. Hohimer Wealth Management LLC raised its stake 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 buying an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC raised its stake 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 buying an additional 41 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on T-Mobile US in a research note on Tuesday. They issued a "buy" rating and a $286.00 target price on the stock. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Finally, Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Price Performance

T-Mobile US stock traded up $0.64 during midday trading on Friday, hitting $252.76. 3,294,176 shares of the company's stock were exchanged, compared to its average volume of 3,654,834. T-Mobile US, Inc. has a 52-week low of $192.61 and a 52-week high of $276.49. The stock has a 50-day moving average price of $243.02 and a two-hundred day moving average price of $247.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $284.46 billion, a P/E ratio of 23.85, a PEG ratio of 1.38 and a beta of 0.61.

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

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. 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 available through this hyperlink. Insiders sold 2,488,250 shares of company stock worth $593,252,506 in the last three months. 0.37% of the stock is owned by insiders.

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.