Trek Financial LLC Has $4.95 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Trek Financial LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 178.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,562 shares of the Wireless communications provider's stock after purchasing an additional 11,904 shares during the period. Trek Financial LLC's holdings in T-Mobile US were worth $4,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. increased its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter valued at approximately $28,000. Adirondack Trust Co. increased its stake in T-Mobile US by 366.7% in the 1st 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 during the period. Finally, City Holding Co. increased its stake in T-Mobile US by 45.3% in the 1st 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 during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TMUS. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Royal Bank Of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday. Finally, UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Fourteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.98.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total value of $16,614,237.60. Following the transaction, the director owned 647,800,524 shares of the company's stock, valued at approximately $154,105,266,654.36. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 628,560 shares of company stock valued at $144,455,659 over the last 90 days. Insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.7%

Shares of NASDAQ:TMUS traded down $1.66 during trading on Tuesday, hitting $235.97. 3,020,835 shares of the company's stock were exchanged, compared to its average volume of 4,090,433. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The firm has a 50-day moving average price of $238.65 and a two-hundred day moving average price of $243.59. 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 firm has a market cap of $267.93 billion, a P/E ratio of 23.02, a PEG ratio of 1.32 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $2.00 EPS. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

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.