Patron Partners LLC Has $947,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Patron Partners LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,550 shares of the Wireless communications provider’s stock after buying an additional 206 shares during the period. Patron Partners LLC’s holdings in T-Mobile US were worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. NewEdge Wealth LLC boosted its position in T-Mobile US by 41.2% in the fourth quarter. NewEdge Wealth LLC now owns 5,651 shares of the Wireless communications provider’s stock valued at $1,247,000 after buying an additional 1,648 shares in the last quarter. Heritage Investors Management Corp bought a new position in shares of T-Mobile US during the fourth quarter valued at $207,000. New York Life Investment Management LLC raised its stake in shares of T-Mobile US by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 65,587 shares of the Wireless communications provider’s stock valued at $14,477,000 after acquiring an additional 165 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of T-Mobile US by 22.4% during the fourth quarter. Kovack Advisors Inc. now owns 1,223 shares of the Wireless communications provider’s stock valued at $270,000 after acquiring an additional 224 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. raised its stake in shares of T-Mobile US by 53.3% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,614 shares of the Wireless communications provider’s stock valued at $356,000 after acquiring an additional 561 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Royal Bank Of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, Tigress Financial boosted their target price 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. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Trading Up 1.7%

NASDAQ:TMUS opened at $235.25 on Friday. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The company has a market cap of $267.11 billion, a PE ratio of 22.95, a PEG ratio of 1.27 and a beta of 0.64. The firm has a 50-day moving average of $240.00 and a 200-day moving average of $242.80. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08.

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

T-Mobile US Dividend Announcement

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 dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $230.56, for a total value of $16,102,310.40. Following the transaction, the director now directly owns 648,149,724 shares in the company, valued at $149,437,400,365.44. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is owned by insiders.

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.