Ceredex Value Advisors LLC Buys New Position in T-Mobile US, Inc. $TMUS

Ceredex Value Advisors LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,654 shares of the Wireless communications provider’s stock, valued at approximately $17,889,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JDM Financial Group LLC grew its stake in shares of 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 valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD acquired a new position in shares of T-Mobile US during the 1st quarter worth $25,000. Paladin Partners LLC acquired a new position in T-Mobile US during the second quarter worth about $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of T-Mobile US in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TMUS. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Arete Research upped 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 note on Tuesday, May 5th. Oppenheimer raised 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. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Trading Down 0.6%

T-Mobile US stock opened at $181.22 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm’s 50-day moving average is $181.54 and its 200-day moving average is $194.06. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The company has a market cap of $194.39 billion, a P/E ratio of 18.98, a PEG ratio of 1.03 and a beta of 0.33.

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

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 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.