Elevation Point Wealth Partners LLC Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Elevation Point Wealth Partners LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,528 shares of the Wireless communications provider’s stock after selling 488 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in T-Mobile US were worth $3,608,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TMUS. West Branch Capital LLC raised its position in shares of T-Mobile US by 27.2% in the 1st quarter. West Branch Capital LLC now owns 7,293 shares of the Wireless communications provider’s stock valued at $1,945,000 after purchasing an additional 1,559 shares during the last quarter. Sound Stewardship LLC purchased a new position in shares of T-Mobile US in the 1st quarter valued at approximately $248,000. Everhart Financial Group Inc. raised its position in shares of T-Mobile US by 5.9% in the 1st quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider’s stock valued at $377,000 after purchasing an additional 79 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in shares of T-Mobile US by 7.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,378 shares of the Wireless communications provider’s stock valued at $368,000 after purchasing an additional 92 shares during the last quarter. Finally, Tobam raised its position in shares of T-Mobile US by 220.0% in the 1st quarter. Tobam now owns 3,977 shares of the Wireless communications provider’s stock valued at $1,061,000 after purchasing an additional 2,734 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMUS. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. 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. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a report on Friday, March 14th. Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Stock Down 0.3%

NASDAQ TMUS opened at $228.00 on Friday. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $246.27 and its 200-day simple moving average is $243.85. The firm has a market cap of $258.88 billion, a PE ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 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 business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared 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 of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. T-Mobile US’s dividend payout ratio is presently 34.34%.

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.