Redwood Investment Management LLC Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Redwood Investment Management LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 141.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,216 shares of the Wireless communications provider’s stock after acquiring an additional 3,057 shares during the quarter. Redwood Investment Management LLC’s holdings in T-Mobile US were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. FORA Capital LLC purchased a new position in shares of T-Mobile US in the first quarter valued at $4,897,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in T-Mobile US by 34.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 41,829 shares of the Wireless communications provider’s stock worth $11,156,000 after purchasing an additional 10,747 shares during the period. Bank of Hawaii bought a new position in T-Mobile US in the 1st quarter worth about $234,000. Apexium Financial LP purchased a new position in T-Mobile US during the 1st quarter valued at about $202,000. Finally, ICONIQ Capital LLC bought a new stake in shares of T-Mobile US during the first quarter valued at about $215,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TMUS shares. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Royal Bank Of Canada increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target for the company in a report on Monday, July 7th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.31.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 2,278,730 shares of company stock worth $540,242,549. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $251.20 on Wednesday. The firm’s fifty day moving average price is $238.99 and its 200-day moving average price is $248.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market cap of $282.71 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the business earned $2.49 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.4%. T-Mobile US’s dividend payout ratio is 33.21%.

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.