Transamerica Financial Advisors LLC Invests $505,000 in T-Mobile US, Inc. $TMUS

Transamerica Financial Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,008 shares of the Wireless communications provider’s stock, valued at approximately $505,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Corient Private Wealth LP bought a new stake in T-Mobile US during the second quarter worth approximately $23,936,000. Pingora Partners LLC bought a new position in shares of T-Mobile US in the second quarter valued at $52,000. Ausdal Financial Partners Inc. bought a new position in shares of T-Mobile US in the second quarter valued at $541,000. Bank of America Corp DE acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $758,977,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $162,685,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. Deutsche Bank Aktiengesellschaft cut their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company cut their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock 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 objective for the company in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. 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 stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $179.61 on Thursday. The company has a market capitalization of $192.66 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.02 and a beta of 0.33. 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 stock’s fifty day simple moving average is $181.21 and its 200-day simple moving average is $193.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the prior year, the business earned $2.84 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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