Ceredex Value Advisors LLC Makes New $17.89 Million Investment in T-Mobile US, Inc. $TMUS

Ceredex Value Advisors LLC acquired a new stake 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 and Exchange Commission (SEC). The firm acquired 106,654 shares of the Wireless communications provider’s stock, valued at approximately $17,889,000.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC boosted its position in shares of T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 48 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in T-Mobile US by 16.2% in the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after buying an additional 49 shares during the period. Wellspring Financial Advisors LLC increased its stake in shares of T-Mobile US by 4.3% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after acquiring an additional 52 shares during the period. Essex Financial Services Inc. grew its position in T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC raised its position in T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after acquiring an additional 53 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.6%

Shares of NASDAQ TMUS opened at $181.22 on Friday. 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 has a market cap of $194.39 billion, a P/E ratio of 18.98, a PEG ratio of 1.03 and a beta of 0.33. The business’s fifty day simple moving average is $181.54 and its 200-day simple moving average is $194.06. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25.

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

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TMUS shares. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Wells Fargo & Company dropped their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Bank of America raised 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 reduced their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Benchmark reduced their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target 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.