Cetera Trust Company N.A Takes Position in T-Mobile US, Inc. $TMUS

Cetera Trust Company N.A acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,525 shares of the Wireless communications provider’s stock, valued at approximately $1,933,000. T-Mobile US accounts for approximately 1.0% of Cetera Trust Company N.A’s portfolio, making the stock its 27th largest holding.

A number of other large investors also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in shares of T-Mobile US in the second quarter worth $27,000. Finally, Swiss RE Ltd. bought a new position in shares of T-Mobile US during the fourth quarter worth $29,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TMUS shares. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Barclays reduced their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Price Performance

TMUS stock opened at $182.62 on Tuesday. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The firm has a market capitalization of $195.89 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a fifty day simple moving average of $181.29 and a two-hundred day simple moving average of $193.87. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm 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 quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 EPS. 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 business also recently disclosed 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 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 is 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.