107,621 Shares in T-Mobile US, Inc. $TMUS Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 107,621 shares of the Wireless communications provider’s stock, valued at approximately $18,051,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of T-Mobile US during the second quarter valued at about $6,625,275,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $5,643,511,000 after buying an additional 6,516,968 shares during the last quarter. State Street Corp raised its stake in shares of T-Mobile US by 4.3% during the 4th 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 in the last quarter. Capital International Investors lifted its position in T-Mobile US by 8.2% during the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after acquiring an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after acquiring an additional 827,381 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $177.75 on Friday. The stock’s fifty day moving average price is $181.13 and its 200 day moving average price is $193.43. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $190.67 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.01 and a beta of 0.33.

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 for the quarter, beating 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 for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast 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. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is 42.72%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TMUS. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley dropped their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Barclays decreased their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Finally, Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.