Evolve Private Wealth LLC Purchases New Holdings in T-Mobile US, Inc. $TMUS

Evolve Private Wealth LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,782 shares of the Wireless communications provider’s stock, valued at approximately $634,000.

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

Analysts Set New Price Targets

Several brokerages recently commented on TMUS. Arete Research increased their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Oppenheimer upgraded shares of 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 note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $182.62 on Tuesday. The firm has a 50 day moving average of $181.29 and a 200 day moving average of $193.87. 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 has a market capitalization of $195.89 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.95 billion. During the same period last year, the firm earned $2.84 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 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.