Weaver Capital Management LLC Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Weaver Capital Management LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,695 shares of the Wireless communications provider’s stock after acquiring an additional 590 shares during the period. Weaver Capital Management LLC’s holdings in T-Mobile US were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Norges Bank purchased a new position in T-Mobile US in the 4th quarter worth $1,802,393,000. GAMMA Investing LLC grew its position in shares of T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board grew its position in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at about $452,721,000. Finally, Capital International Investors grew its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Benchmark restated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Royal Bank Of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Finally, Tigress Financial raised their target price on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Trading Up 0.2%

Shares of T-Mobile US stock opened at $221.52 on Friday. The stock has a market cap of $251.52 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.22 and a beta of 0.64. The stock’s 50 day simple moving average is $243.17 and its 200-day simple moving average is $243.07. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared 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. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is presently 34.34%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now owns 588,274,099 shares of the company’s stock, valued at approximately $135,397,166,625.84. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 279,360 shares of company stock valued at $63,022,219. 0.37% of the stock is currently owned by company 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.