D.A. Davidson & CO. Has $9.10 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

D.A. Davidson & CO. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,111 shares of the Wireless communications provider’s stock after selling 1,463 shares during the quarter. D.A. Davidson & CO.’s holdings in T-Mobile US were worth $9,098,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Synergy Investment Management LLC acquired a new position in T-Mobile US during the 4th quarter valued at $44,000. M&T Bank Corp grew its position in T-Mobile US by 6.8% in the 4th quarter. M&T Bank Corp now owns 39,265 shares of the Wireless communications provider’s stock worth $8,667,000 after purchasing an additional 2,494 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of T-Mobile US by 42.5% during the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider’s stock worth $635,000 after purchasing an additional 858 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of T-Mobile US by 2.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 82,891 shares of the Wireless communications provider’s stock valued at $18,297,000 after buying an additional 1,963 shares during the last quarter. Finally, First Business Financial Services Inc. lifted its stake in shares of T-Mobile US by 3.4% in the fourth quarter. First Business Financial Services Inc. now owns 14,830 shares of the Wireless communications provider’s stock valued at $3,273,000 after buying an additional 487 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.2%

Shares of TMUS opened at $240.31 on Friday. The company has a market capitalization of $272.86 billion, a P/E ratio of 23.44, a PEG ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The business’s 50 day simple moving average is $238.48 and its 200-day simple moving average is $243.00. 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 (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. T-Mobile US’s dividend payout ratio is 34.34%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the sale, the director owned 647,800,524 shares of the company’s stock, valued at $154,105,266,654.36. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 628,560 shares of company stock worth $144,455,659. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Royal Bank Of Canada upped their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. raised their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. 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, the stock has an average rating of “Moderate Buy” and a consensus price target 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.