West Branch Capital LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 93.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 501 shares of the Wireless communications provider's stock after selling 6,747 shares during the period. West Branch Capital LLC's holdings in T-Mobile US were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of T-Mobile US by 14.6% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock worth $39,354,000 after acquiring an additional 23,836 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its position in shares of T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock worth $12,593,000 after purchasing an additional 15,495 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of T-Mobile US by 16.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock worth $20,010,000 after purchasing an additional 14,110 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of T-Mobile US by 32.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock valued at $62,370,000 after purchasing an additional 72,922 shares during the period. Finally, Entropy Technologies LP grew its holdings in shares of T-Mobile US by 105.9% in the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider's stock worth $7,333,000 after purchasing an additional 18,573 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
Insider Transactions at T-Mobile US
In related news, COO Jon Freier sold 4,799 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company's stock.
T-Mobile US Stock Performance
Shares of T-Mobile US stock opened at $178.59 on Wednesday. The company has a market capitalization of $191.57 billion, a PE ratio of 18.70, a P/E/G ratio of 1.00 and a beta of 0.33. The company has a 50-day simple moving average of $181.47 and a two-hundred day simple moving average of $194.39. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.84 earnings per share. Research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.
Analyst Upgrades and Downgrades
TMUS has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Barclays lowered their target price on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a report on Friday, July 24th. KeyCorp dropped their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded T-Mobile US from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $252.08.
Check Out Our Latest Analysis on T-Mobile US
T-Mobile US Profile
(
Free Report)
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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