Chevy Chase Trust Holdings LLC Purchases 156,594 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Chevy Chase Trust Holdings LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 50.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,684 shares of the Wireless communications provider’s stock after buying an additional 156,594 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in T-Mobile US were worth $125,269,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock valued at $2,610,542,000 after buying an additional 90,755 shares in the last quarter. Invesco Ltd. increased its position in shares of T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Norges Bank bought a new stake in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. Capital International Investors increased its position in shares of T-Mobile US by 36.2% in 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 buying an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in 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 worth $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 2.5%

Shares of NASDAQ:TMUS opened at $226.98 on Tuesday. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The company has a market capitalization of $257.72 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64. The company has a 50-day simple moving average of $242.46 and a 200 day simple moving average of $242.95. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS) last issued 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. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $2.00 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $221.67, for a total transaction of $15,481,432.80. Following the sale, the director now owns 648,429,084 shares of the company’s stock, valued at approximately $143,737,275,050.28. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety 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.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Benchmark reiterated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Eleven 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.68.

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.