Proficio Capital Partners LLC Invests $738,000 in T-Mobile US, Inc. $TMUS

Proficio Capital Partners LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the Wireless communications provider’s stock, valued at approximately $738,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $6,625,275,000. Price T Rowe Associates Inc. MD raised its holdings in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. State Street Corp raised its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after acquiring an additional 1,047,624 shares in the last quarter. Capital International Investors lifted its stake in T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares during the period. Finally, Invesco Ltd. lifted its stake in T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TMUS. KeyCorp decreased their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. 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. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, UBS Group decreased their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

T-Mobile US stock opened at $179.61 on Thursday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $192.66 billion, a P/E ratio of 18.81, a PEG ratio of 1.02 and a beta of 0.33. The stock’s 50 day moving average is $181.21 and its 200 day moving average is $193.57.

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

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s payout ratio is currently 42.72%.

T-Mobile US 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.