Fairvoy Private Wealth LLC Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Fairvoy Private Wealth LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,898 shares of the Wireless communications provider’s stock after selling 1,327 shares during the period. Fairvoy Private Wealth LLC’s holdings in T-Mobile US were worth $2,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TMUS. Godsey & Gibb Inc. grew its stake in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter valued at $28,000. Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Benchmark reissued a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. 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. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Stock Performance

T-Mobile US stock opened at $228.00 on Friday. 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 company has a market capitalization of $258.88 billion, a PE ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. The firm has a fifty day simple moving average of $246.27 and a two-hundred day simple moving average of $243.83. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted 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 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US’s payout ratio is 34.34%.

T-Mobile US Company 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.