West Branch Capital LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

West Branch Capital LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 27.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,293 shares of the Wireless communications provider's stock after acquiring an additional 1,559 shares during the quarter. West Branch Capital LLC's holdings in T-Mobile US were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TMUS. Tallon Kerry Patrick bought a new position in shares of T-Mobile US in the fourth quarter worth about $2,138,000. Essex Financial Services Inc. increased its holdings in T-Mobile US by 7.8% in the 4th quarter. Essex Financial Services Inc. now owns 1,603 shares of the Wireless communications provider's stock worth $354,000 after acquiring an additional 116 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $1,552,000. Avidian Wealth Enterprises LLC raised its stake in T-Mobile US by 5.7% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,277 shares of the Wireless communications provider's stock worth $282,000 after acquiring an additional 69 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in T-Mobile US by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock valued at $4,603,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 0.3%

Shares of T-Mobile US stock traded down $0.70 during trading on Friday, hitting $228.00. The stock had a trading volume of 4,379,818 shares, compared to its average volume of 4,079,503. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The firm's fifty day simple moving average is $246.27 and its 200-day simple moving average is $243.85. The stock has a market cap of $258.88 billion, a PE ratio of 23.58, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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 issued a $0.88 dividend. 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 payout ratio is currently 34.34%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. increased their price objective 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. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Tigress Financial upped their price objective on 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, Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.