Trueblood Wealth Management LLC Buys 541 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Trueblood Wealth Management LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,970 shares of the Wireless communications provider’s stock after purchasing an additional 541 shares during the quarter. Trueblood Wealth Management LLC’s holdings in T-Mobile US were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of T-Mobile US during the fourth quarter worth $1,802,393,000. GAMMA Investing LLC grew its position in T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock worth $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 85.5% in the 4th 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 purchasing an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. acquired a new position in T-Mobile US in the 4th quarter worth about $452,721,000. Finally, Capital International Investors raised its position 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. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 0.4%

Shares of T-Mobile US stock opened at $236.98 on Wednesday. The stock’s 50-day moving average is $247.34 and its 200 day moving average is $244.14. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The firm has a market cap of $269.08 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.00 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in 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. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Wall Street Zen lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Finally, Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Eleven investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

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.