11,525 Shares in T-Mobile US, Inc. $TMUS Bought by Cetera Trust Company N.A

Cetera Trust Company N.A acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,525 shares of the Wireless communications provider’s stock, valued at approximately $1,933,000. T-Mobile US makes up 1.0% of Cetera Trust Company N.A’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ raised its position in T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after purchasing an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its position in shares of T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after buying an additional 15,495 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of T-Mobile US by 16.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after buying an additional 14,110 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of T-Mobile US by 32.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after buying an additional 72,922 shares during the last quarter. Finally, Entropy Technologies LP grew its stake in shares of T-Mobile US by 105.9% during the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock valued at $7,333,000 after buying an additional 18,573 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Arete Research raised their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company decreased their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Finally, UBS Group lowered their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Price Performance

TMUS opened at $182.62 on Tuesday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The business’s fifty day simple moving average is $181.29 and its 200-day simple moving average is $193.87. The company has a market capitalization of $195.89 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.