T-Mobile US, Inc. (NASDAQ:TMUS) is Cetera Trust Company N.A’s 8th Largest Position

Cetera Trust Company N.A lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the first quarter, HoldingsChannel.com reports. The firm owned 11,973 shares of the Wireless communications provider’s stock after purchasing an additional 100 shares during the quarter. T-Mobile US makes up 2.0% of Cetera Trust Company N.A’s portfolio, making the stock its 8th largest position. Cetera Trust Company N.A’s holdings in T-Mobile US were worth $3,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in T-Mobile US in the 4th quarter valued at $1,802,393,000. GAMMA Investing LLC boosted its stake in T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider’s stock valued at $814,416,000 after buying an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board grew its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. bought a new position in T-Mobile US in the 4th quarter worth about $452,721,000. Finally, Capital International Investors boosted its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TMUS shares. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Benchmark reissued a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $245.86 on Monday. The company’s fifty day simple moving average is $248.49 and its two-hundred day simple moving average is $244.19. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49. The firm has a market cap of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the business earned $2.00 EPS. T-Mobile US’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio is presently 34.34%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.