USA Financial Formulas Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

USA Financial Formulas lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,725 shares of the Wireless communications provider’s stock after selling 1,966 shares during the period. T-Mobile US makes up approximately 0.5% of USA Financial Formulas’ holdings, making the stock its 11th largest holding. USA Financial Formulas’ holdings in T-Mobile US were worth $2,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 60 shares during the period. Rakuten Securities Inc. increased its stake in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the fourth quarter worth $28,000. Adirondack Trust Co. increased its stake in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. increased its stake in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TMUS shares. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Finally, Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Eleven equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Trading Down 0.4%

T-Mobile US stock opened at $236.98 on Wednesday. The stock has a 50-day moving average of $247.34 and a two-hundred day moving average of $244.14. 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, Inc. has a one year low of $171.18 and a one year high of $276.49. The stock has a market cap of $269.08 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

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

T-Mobile US Dividend Announcement

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 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 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.