T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by USA Financial Formulas

USA Financial Formulas decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,725 shares of the Wireless communications provider's stock after selling 1,966 shares during the quarter. T-Mobile US makes up 0.5% of USA Financial Formulas' holdings, making the stock its 11th largest position. USA Financial Formulas' holdings in T-Mobile US were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in shares of T-Mobile US by 189.4% during the first quarter. Assenagon Asset Management S.A. now owns 223,647 shares of the Wireless communications provider's stock valued at $59,649,000 after acquiring an additional 146,359 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new position in shares of T-Mobile US during the first quarter valued at approximately $231,000. Trueblood Wealth Management LLC raised its holdings in shares of T-Mobile US by 15.8% during the first quarter. Trueblood Wealth Management LLC now owns 3,970 shares of the Wireless communications provider's stock valued at $1,059,000 after acquiring an additional 541 shares during the last quarter. Sanibel Captiva Trust Company Inc. raised its holdings in shares of T-Mobile US by 10.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 45,701 shares of the Wireless communications provider's stock valued at $12,189,000 after acquiring an additional 4,215 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of T-Mobile US during the first quarter valued at approximately $228,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $0.70 during trading on Friday, hitting $228.00. 4,379,818 shares of the company were exchanged, compared to its average volume of 4,079,641. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The stock has a market capitalization of $258.88 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. The firm has a 50 day moving average price of $246.27 and a 200 day moving average price of $243.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business 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 dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. T-Mobile US's dividend payout ratio is currently 34.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TMUS shares. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Tigress Financial upped their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

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.