SeaBridge Investment Advisors LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

SeaBridge Investment Advisors LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,657 shares of the Wireless communications provider’s stock after buying an additional 665 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in T-Mobile US were worth $4,025,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth about $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during 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 raised its holdings in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Royal Bank of Canada raised its holdings in T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after acquiring an additional 693,443 shares in the last quarter. Finally, Capital International Investors raised its holdings in T-Mobile US by 27.1% in the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after acquiring an additional 567,390 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Jon Freier sold 20,000 shares of T-Mobile US stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total value of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at approximately $28,376,590.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, insider Jon Freier sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total value of $3,287,600.00. Following the completion of the sale, the insider now owns 172,628 shares of the company’s stock, valued at $28,376,590.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 6,210,160 shares of company stock worth $1,041,105,611 in the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS traded up $0.78 during mid-day trading on Friday, reaching $179.24. 3,256,504 shares of the company’s stock were exchanged, compared to its average volume of 4,846,065. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market capitalization of $210.04 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. The business’s fifty day simple moving average is $171.09 and its 200-day simple moving average is $165.05. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $182.67.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the firm posted $1.58 EPS. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given 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 1.45%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Bank of America raised their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Royal Bank of Canada raised their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. KeyCorp raised their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, StockNews.com cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $190.79.

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.