Verdence Capital Advisors LLC Has $618,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Verdence Capital Advisors LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 46.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,318 shares of the Wireless communications provider's stock after selling 1,988 shares during the period. Verdence Capital Advisors LLC's holdings in T-Mobile US were worth $618,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TMUS. Godsey & Gibb Inc. boosted 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 purchasing an additional 60 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the 4th quarter valued at approximately $28,000. City Holding Co. raised its stake in shares of 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 acquiring an additional 43 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of 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 acquiring an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of T-Mobile US in the 4th quarter valued at approximately $39,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.1%

Shares of T-Mobile US stock traded up $0.18 on Friday, hitting $227.21. 3,773,586 shares of the company's stock traded hands, compared to its average volume of 4,100,418. The firm's 50-day moving average price is $235.29 and its two-hundred day moving average price is $243.87. The stock has a market capitalization of $257.98 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

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 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid 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 1.55%. T-Mobile US's payout ratio is 34.34%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $255.12.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company'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 of the company's stock, valued at $154,195,093,739.52. This represents 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 at this hyperlink. Insiders sold 1,116,990 shares of company stock worth $256,892,992 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

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.