T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Jackson Square Capital LLC

Jackson Square Capital LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,423 shares of the Wireless communications provider’s stock after purchasing an additional 7,968 shares during the period. T-Mobile US makes up about 2.6% of Jackson Square Capital LLC’s holdings, making the stock its 11th largest holding. Jackson Square Capital LLC’s holdings in T-Mobile US were worth $8,114,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $1,552,000. Van ECK Associates Corp raised its stake in shares of T-Mobile US by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock valued at $4,603,000 after acquiring an additional 625 shares in the last quarter. CFC Planning Co LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $476,000. Avantax Advisory Services Inc. raised its stake in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $2,539,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $228.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $258.88 billion, a P/E ratio of 23.58, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a 50-day moving average price of $246.27 and a 200 day moving average price of $243.85.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 13.93% and a return on equity of 18.09%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given 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 1.54%. T-Mobile US’s payout ratio is 34.34%.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. HSBC lowered 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. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Eleven investment analysts have rated the stock with a hold rating, eleven 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 a consensus rating of “Moderate Buy” and an average 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.