Kingsview Wealth Management LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Kingsview Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,816 shares of the Wireless communications provider’s stock, valued at approximately $640,000.

A number of other hedge funds have also recently modified their holdings of the company. JDM Financial Group LLC boosted its holdings in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD bought a new stake in shares of T-Mobile US in the first quarter worth about $25,000. Paladin Partners LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new position in T-Mobile US during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $181.37 on Monday. 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, Inc. has a one year low of $165.66 and a one year high of $258.66. The company has a 50-day simple moving average of $181.12 and a two-hundred day simple moving average of $193.32. The firm has a market capitalization of $194.55 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33.

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, beating 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 business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the firm posted $2.84 EPS. The business’s revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TMUS shares. Benchmark dropped their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. TD Cowen reduced their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Wells Fargo & Company dropped their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Finally, Arete Research lifted 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.