Legacy Bridge LLC Has $1.22 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Legacy Bridge LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,950 shares of the Wireless communications provider’s stock after selling 775 shares during the quarter. Legacy Bridge LLC’s holdings in T-Mobile US were worth $1,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of T-Mobile US during the 4th quarter worth about $3,338,708,000. Wellington Management Group LLP raised its position in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Putnam Investments LLC lifted its stake in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the period. Vanguard Group Inc. boosted its holdings in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Citigroup raised their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. TD Cowen lifted their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays boosted their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Buy” and an average price target of $198.63.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the transaction, the director now directly owns 671,752,404 shares in the company, valued at approximately $116,280,341,132.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the sale, the director now owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,109,346 shares of company stock worth $198,743,322. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 2.1 %

TMUS stock opened at $193.00 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a twelve month low of $134.50 and a twelve month high of $205.28. The company has a market cap of $225.19 billion, a P/E ratio of 26.26, a PEG ratio of 0.72 and a beta of 0.51. The business has a fifty day moving average of $188.14 and a 200-day moving average of $174.09.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.35%. T-Mobile US’s payout ratio is presently 35.37%.

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.