KMG Fiduciary Partners LLC Decreases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

KMG Fiduciary Partners LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.5% in the 1st quarter, HoldingsChannel reports. The firm owned 3,724 shares of the Wireless communications provider’s stock after selling 845 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in T-Mobile US were worth $993,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. grew its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 4th quarter valued at approximately $28,000. Adirondack Trust Co. grew its stake in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in T-Mobile US in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $245.86 on Monday. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $279.16 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a fifty day moving average of $248.49 and a 200-day moving average of $244.19.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Benchmark reiterated a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $257.68.

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.