Perfromance Wealth Partners LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Perfromance Wealth Partners LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,743 shares of the Wireless communications provider’s stock after buying an additional 237 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in T-Mobile US were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Godsey & Gibb Inc. increased 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 worth $27,000 after buying an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the fourth quarter valued at about $28,000. Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% during the first 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 in the last quarter. Finally, City Holding Co. lifted its holdings in shares of 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 acquiring an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.2%

NASDAQ TMUS opened at $221.52 on Friday. The company has a market capitalization of $251.52 billion, a PE ratio of 21.61, a P/E/G ratio of 1.22 and a beta of 0.64. The company has a fifty day moving average of $243.17 and a 200 day moving average of $243.07. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. 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 issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. Research analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio is currently 34.34%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. 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. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. 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. Royal Bank Of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Finally, Citigroup lowered 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. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the sale, the director now owns 588,274,099 shares of the company’s stock, valued at approximately $135,397,166,625.84. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 279,360 shares of company stock valued at $63,022,219. Corporate 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.