3,700 Shares in T-Mobile US, Inc. $TMUS Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,700 shares of the Wireless communications provider’s stock, valued at approximately $621,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Price T Rowe Associates Inc. MD increased its stake in shares of T-Mobile US by 30.6% during the fourth 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 period. State Street Corp lifted its stake in T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Capital International Investors grew its holdings in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares in the last quarter. Invesco Ltd. grew its holdings in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after acquiring an additional 827,381 shares in the last quarter. Finally, Norges Bank purchased a new position in T-Mobile US during the 4th quarter valued at about $1,335,918,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

TMUS stock opened at $182.36 on Thursday. The firm has a market cap of $195.61 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 1.03 and a beta of 0.33. The firm has a 50-day simple moving average of $181.63 and a two-hundred day simple moving average of $194.17. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period last year, the business earned $2.84 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast 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. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TMUS shares. Arete Research boosted their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. KeyCorp reduced their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $252.08.

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.