Rosenberg Matthew Hamilton Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Rosenberg Matthew Hamilton lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,850 shares of the Wireless communications provider’s stock after buying an additional 157 shares during the period. Rosenberg Matthew Hamilton’s holdings in T-Mobile US were worth $493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in T-Mobile US during the 4th quarter worth approximately $1,802,393,000. GAMMA Investing LLC increased its holdings in shares of T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock valued at $814,416,000 after purchasing an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 85.5% during the fourth 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of T-Mobile US during the fourth quarter worth $452,721,000. Finally, Capital International Investors grew its position in 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 during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.7%

TMUS stock opened at $237.42 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The company’s 50 day simple moving average is $238.92 and its 200-day simple moving average is $242.92. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The firm has a market capitalization of $269.58 billion, a PE ratio of 23.16, a P/E/G ratio of 1.33 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last announced its 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. The firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share 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. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of 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. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Finally, Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $237.61, for a total transaction of $16,594,682.40. Following the sale, the director directly owned 647,940,204 shares of the company’s stock, valued at $153,957,071,872.44. 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. Over the last three months, insiders have sold 558,720 shares of company stock valued at $127,841,422. Insiders own 0.37% of the company’s stock.

About T-Mobile US

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.