T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,149 shares of the Wireless communications provider’s stock after selling 2,846 shares during the period. GPS Wealth Strategies Group LLC’s holdings in T-Mobile US were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Fifth Third Bancorp boosted its stake in shares of T-Mobile US by 2.9% during the 1st quarter. Fifth Third Bancorp now owns 297,704 shares of the Wireless communications provider’s stock worth $79,401,000 after acquiring an additional 8,410 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in T-Mobile US by 19.7% in the 1st quarter. Simon Quick Advisors LLC now owns 3,962 shares of the Wireless communications provider’s stock worth $1,057,000 after purchasing an additional 653 shares during the period. Axecap Investments LLC boosted its position in T-Mobile US by 3.9% during the first quarter. Axecap Investments LLC now owns 21,145 shares of the Wireless communications provider’s stock worth $5,640,000 after purchasing an additional 788 shares in the last quarter. Visionary Horizons LLC acquired a new stake in T-Mobile US in the first quarter valued at approximately $629,000. Finally, Focus Financial Network Inc. purchased a new stake in shares of T-Mobile US in the first quarter valued at approximately $262,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Price Performance

Shares of TMUS opened at $230.94 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two 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 firm has a 50-day simple moving average of $247.00 and a 200-day simple moving average of $244.04. The company has a market capitalization of $262.22 billion, a price-to-earnings ratio of 23.88, 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 data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the prior year, the business posted $2.00 earnings per share. T-Mobile US’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is currently 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.