TCTC Holdings LLC Buys 77 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

TCTC Holdings LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 208.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 114 shares of the Wireless communications provider’s stock after purchasing an additional 77 shares during the quarter. TCTC Holdings LLC’s holdings in T-Mobile US were worth $30,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Meeder Asset Management Inc. lifted its stake in shares of T-Mobile US by 7,481.9% in the 1st quarter. Meeder Asset Management Inc. now owns 21,305 shares of the Wireless communications provider’s stock worth $5,682,000 after purchasing an additional 21,024 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of T-Mobile US by 17.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 12,241 shares of the Wireless communications provider’s stock worth $3,265,000 after purchasing an additional 1,814 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of T-Mobile US by 2.7% in the 1st quarter. Foundations Investment Advisors LLC now owns 2,792 shares of the Wireless communications provider’s stock worth $745,000 after purchasing an additional 74 shares during the period. Baldwin Investment Management LLC lifted its stake in shares of T-Mobile US by 2.5% in the 1st quarter. Baldwin Investment Management LLC now owns 9,757 shares of the Wireless communications provider’s stock worth $2,602,000 after purchasing an additional 240 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its stake in shares of T-Mobile US by 17.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 5,035 shares of the Wireless communications provider’s stock worth $1,343,000 after purchasing an additional 733 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.4%

Shares of TMUS opened at $239.25 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The company has a 50 day simple moving average of $235.03 and a two-hundred day simple moving average of $245.00. The firm has a market cap of $269.26 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the firm posted $2.49 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities 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 announced 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 of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TMUS shares. Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $256.31.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 1,473,190 shares of company stock worth $340,769,943. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Company 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.