Seven Mile Advisory Invests $219,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Seven Mile Advisory purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 994 shares of the Wireless communications provider's stock, valued at approximately $219,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its position in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

T-Mobile US stock traded up $3.33 during midday trading on Thursday, reaching $267.89. 5,645,725 shares of the stock traded hands, compared to its average volume of 4,168,597. The firm has a fifty day moving average price of $255.79 and a two-hundred day moving average price of $234.26. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The firm has a market cap of $305.86 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.55 and a beta of 0.63. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research analyst reports. Royal Bank of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. KeyCorp downgraded shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Scotiabank increased their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Finally, Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $256.80.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

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.