Invesco LLC Purchases 709 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Invesco LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,849 shares of the Wireless communications provider’s stock after purchasing an additional 709 shares during the quarter. Invesco LLC’s holdings in T-Mobile US were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TMUS. Ancora Advisors LLC boosted its holdings in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock worth $57,000 after acquiring an additional 37 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Signaturefd LLC lifted its holdings in T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock worth $2,499,000 after purchasing an additional 41 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 41 shares during the period. Finally, Continuum Advisory LLC grew its holdings in T-Mobile US by 0.7% during the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider’s stock valued at $1,340,000 after buying an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total value of $15,975,900.00. Following the completion of the sale, the director now owns 588,413,779 shares of the company’s stock, valued at approximately $134,599,651,946.25. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 279,360 shares of company stock worth $63,022,219 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Tigress Financial raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Benchmark reissued a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Stock Up 2.5%

Shares of NASDAQ:TMUS opened at $226.98 on Tuesday. 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, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The firm has a market capitalization of $257.72 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.22 and a beta of 0.64. The stock has a 50 day moving average price of $242.46 and a 200-day moving average price of $242.95.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s 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.