Proficio Capital Partners LLC Acquires New Holdings in T-Mobile US, Inc. $TMUS

Proficio Capital Partners LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,400 shares of the Wireless communications provider’s stock, valued at approximately $738,000.

Several other institutional investors also recently modified their holdings of TMUS. BlackRock Inc. bought a new position in T-Mobile US in the second quarter valued at about $6,625,275,000. Norges Bank acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $1,335,918,000. Price T Rowe Associates Inc. MD raised its holdings in T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after buying an additional 6,516,968 shares during the last quarter. Bank of New York Mellon Corp bought a new position in T-Mobile US in the 2nd quarter valued at approximately $839,194,000. Finally, Bank of America Corp DE acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $758,977,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TMUS shares. Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. UBS Group cut their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. TD Cowen decreased their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $179.61 on Thursday. 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 cap of $192.66 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth 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 stock has a fifty day simple moving average of $181.21 and a two-hundred day simple moving average of $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, beating analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for 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%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.84 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is 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.