Axecap Investments LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,357 shares of the Wireless communications provider's stock after purchasing an additional 4,868 shares during the quarter. T-Mobile US accounts for approximately 3.4% of Axecap Investments LLC's investment portfolio, making the stock its 4th largest holding. Axecap Investments LLC's holdings in T-Mobile US were worth $4,493,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. KPP Advisory Services LLC increased its holdings in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock worth $360,000 after buying an additional 45 shares during the last quarter. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 47 shares in the last quarter. D Orazio & Associates Inc. raised its holdings in T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after acquiring an additional 47 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its stake in shares of T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock worth $284,000 after purchasing an additional 48 shares in the last quarter. Finally, Old North State Trust LLC raised its position in shares of T-Mobile US by 1.4% during the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider's stock worth $751,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.
T-Mobile US Stock Up 1.1 %
Shares of NASDAQ:TMUS traded up $2.87 during midday trading on Tuesday, reaching $258.70. The company's stock had a trading volume of 2,597,425 shares, compared to its average volume of 3,856,085. The firm has a 50 day moving average of $226.18 and a 200-day moving average of $216.54. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $259.46. The firm has a market capitalization of $295.37 billion, a P/E ratio of 26.75, a PEG ratio of 1.44 and a beta of 0.56. 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 (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.36%. T-Mobile US's payout ratio is presently 36.40%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Scotiabank increased their target price on T-Mobile US from $234.00 to $247.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 30th. Tigress Financial increased their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target for the company. The Goldman Sachs Group boosted their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $251.79.
Read Our Latest Research Report on TMUS
Insider Activity at T-Mobile US
In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company's stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the transaction, the director now owns 4,021 shares of the company's stock, valued at approximately $989,166. This trade represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last quarter. 0.67% of the stock is owned by company insiders.
About T-Mobile US
(
Free Report)
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.
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