Chevy Chase Trust Holdings LLC Has $47.38 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Chevy Chase Trust Holdings LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 290,253 shares of the Wireless communications provider’s stock after purchasing an additional 4,952 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in T-Mobile US were worth $47,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in T-Mobile US in the 1st quarter valued at about $1,908,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in T-Mobile US by 84.2% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 105,269 shares of the Wireless communications provider’s stock valued at $17,182,000 after purchasing an additional 48,131 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in T-Mobile US by 2.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after purchasing an additional 64 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in T-Mobile US in the 1st quarter valued at about $1,606,000. Finally, Salomon & Ludwin LLC lifted its stake in T-Mobile US by 829.9% in the 1st quarter. Salomon & Ludwin LLC now owns 623 shares of the Wireless communications provider’s stock valued at $102,000 after purchasing an additional 556 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $160.08, for a total value of $27,326,136.24. Following the sale, the director now owns 679,946,840 shares in the company, valued at $108,845,890,147.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 transaction of $3,287,600.00. Following the transaction, the insider now owns 172,628 shares in the company, valued at $28,376,590.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock in a transaction on Friday, April 12th. The stock was sold at an average price of $160.08, for a total transaction of $27,326,136.24. Following the transaction, the director now directly owns 679,946,840 shares of the company’s stock, valued at approximately $108,845,890,147.20. The disclosure for this sale can be found here. Insiders have sold 5,849,587 shares of company stock worth $983,194,872 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. StockNews.com downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Bank of America increased their price target 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 increased their price target 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. Oppenheimer reissued an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. One investment 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, T-Mobile US presently has an average rating of “Buy” and an average price target of $190.79.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.25 during trading hours on Wednesday, hitting $180.30. 976,292 shares of the stock were exchanged, compared to its average volume of 4,783,081. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The company has a market cap of $211.28 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 0.70 and a beta of 0.51. The company’s fifty day simple moving average is $171.99 and its two-hundred day simple moving average is $165.68. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results 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 quarter last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.44%. T-Mobile US’s dividend payout ratio is currently 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.