T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Tobam

Tobam boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 220.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,977 shares of the Wireless communications provider's stock after buying an additional 2,734 shares during the quarter. Tobam's holdings in T-Mobile US were worth $1,061,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC purchased a new position in shares of T-Mobile US in the first quarter valued at approximately $521,000. Ferguson Wellman Capital Management Inc. boosted its stake in shares of T-Mobile US by 2.4% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 251,510 shares of the Wireless communications provider's stock valued at $67,080,000 after purchasing an additional 5,967 shares during the period. Davis Investment Partners LLC purchased a new position in shares of T-Mobile US in the first quarter valued at approximately $311,000. Fifth Third Bancorp boosted its stake in shares of T-Mobile US by 2.9% in the first quarter. Fifth Third Bancorp now owns 297,704 shares of the Wireless communications provider's stock valued at $79,401,000 after purchasing an additional 8,410 shares during the period. Finally, Simon Quick Advisors LLC boosted its stake in shares of T-Mobile US by 19.7% in the first quarter. Simon Quick Advisors LLC now owns 3,962 shares of the Wireless communications provider's stock valued at $1,057,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.70 during trading on Friday, reaching $228.00. The company's stock had a trading volume of 4,379,818 shares, compared to its average volume of 4,079,641. The company has a 50-day moving average price of $246.27 and a two-hundred day moving average price of $243.83. The firm has a market cap of $258.88 billion, a PE ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm 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 posted $2.00 EPS. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given 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 yield of 1.54%. T-Mobile US's dividend payout ratio (DPR) is 34.34%.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent research reports. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.