Baugh & Associates LLC Invests $214,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Baugh & Associates LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, HoldingsChannel reports. The firm acquired 804 shares of the Wireless communications provider’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Geode Capital Management LLC boosted its position in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after acquiring an additional 90,755 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $1,802,393,000. Capital International Investors increased its stake in T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in 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 buying an additional 2,777,657 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $230.16, for a total value of $16,074,374.40. Following the sale, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 419,040 shares of company stock worth $94,880,434. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.5%

Shares of NASDAQ:TMUS opened at $230.90 on Thursday. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The firm has a market cap of $262.17 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.64. The company has a fifty day simple moving average of $241.15 and a 200 day simple moving average of $242.77.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. T-Mobile US’s payout ratio is 34.34%.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Royal Bank Of Canada lifted 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 report on Friday, March 21st. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. 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 report on Wednesday, March 5th. Finally, Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

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.