West Family Investments Inc. Buys Shares of 4,534 T-Mobile US, Inc. $TMUS

West Family Investments Inc. bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,534 shares of the Wireless communications provider’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JDM Financial Group LLC grew its holdings 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 buying an additional 65 shares during the period. Main Street Group LTD acquired a new stake in T-Mobile US during the 1st quarter worth $25,000. Paladin Partners LLC acquired a new stake in T-Mobile US during the 2nd quarter worth $25,000. Dunhill Financial LLC bought a new position in T-Mobile US during the second quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new position in T-Mobile US during the fourth quarter worth about $29,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TMUS. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Performance

TMUS opened at $182.36 on Thursday. The business’s 50-day moving average price is $181.63 and its two-hundred day moving average price is $194.17. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a market capitalization of $195.61 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 earnings per share. Equities analysts expect 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. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. 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.