Trueblood Wealth Management LLC Has $1.06 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Trueblood Wealth Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.8% in the first quarter, HoldingsChannel reports. The fund owned 3,970 shares of the Wireless communications provider’s stock after purchasing an additional 541 shares during the quarter. Trueblood Wealth Management LLC’s holdings in T-Mobile US were worth $1,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US in the 4th quarter worth about $1,552,000. Van ECK Associates Corp raised its stake in shares of T-Mobile US by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock worth $4,603,000 after purchasing an additional 625 shares during the last quarter. CFC Planning Co LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $476,000. Avantax Advisory Services Inc. lifted its holdings in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Burling Wealth Partners LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at approximately $2,539,000. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of analyst reports. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Trading Down 0.4%

Shares of TMUS opened at $236.98 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two week high of $276.49. The business has a 50-day moving average of $247.34 and a 200 day moving average of $244.14. The firm has a market cap of $269.08 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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 analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $2.00 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio is 34.34%.

T-Mobile US 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.