Centaurus Financial Inc. Purchases Shares of 5,881 T-Mobile US, Inc. $TMUS

Centaurus Financial Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,881 shares of the Wireless communications provider’s stock, valued at approximately $986,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after buying an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in T-Mobile US in the second quarter valued at $375,000. Raymond James Financial Inc. grew its position in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP raised its stake in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group cut 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada reduced their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Scotiabank dropped their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Finally, Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Price Performance

Shares of TMUS stock opened at $177.75 on Friday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year 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 firm’s 50 day moving average is $181.13 and its 200-day moving average is $193.43. The firm has a market capitalization of $190.67 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.01 and a beta of 0.33.

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

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders 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 dividend yield of 2.3%. T-Mobile US’s payout ratio is presently 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.