Perigon Wealth Management LLC Purchases Shares of 3,700 T-Mobile US, Inc. $TMUS

Perigon Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,700 shares of the Wireless communications provider’s stock, valued at approximately $621,000.

Other hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC boosted its stake in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 48 shares in the last quarter. Meeder Asset Management Inc. grew its position in T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 49 shares during the last quarter. Wellspring Financial Advisors LLC increased its stake in T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 52 shares in the last quarter. Essex Financial Services Inc. increased its stake in T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC raised its holdings in shares of T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TMUS shares. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. UBS Group cut their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Finally, Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $182.36 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a 50 day simple moving average of $181.63 and a two-hundred day simple moving average of $194.17. The stock has a market cap of $195.61 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

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

About T-Mobile US

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.