882 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 882 shares of the Wireless communications provider’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Tallon Kerry Patrick purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $2,138,000. Golden State Wealth Management LLC purchased a new position in T-Mobile US in the 4th quarter worth approximately $45,000. BLB&B Advisors LLC boosted its holdings in T-Mobile US by 4.9% in the 4th quarter. BLB&B Advisors LLC now owns 1,400 shares of the Wireless communications provider’s stock worth $309,000 after acquiring an additional 65 shares during the period. Vest Financial LLC grew its position in T-Mobile US by 11.0% in the fourth quarter. Vest Financial LLC now owns 4,049 shares of the Wireless communications provider’s stock valued at $894,000 after acquiring an additional 401 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of T-Mobile US by 21.0% during the fourth quarter. Apollon Wealth Management LLC now owns 14,762 shares of the Wireless communications provider’s stock valued at $3,258,000 after purchasing an additional 2,562 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMUS. Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Finally, Benchmark restated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of TMUS opened at $245.86 on Monday. The stock has a market capitalization of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business’s fifty day moving average price is $248.49 and its 200 day moving average price is $244.19. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the firm posted $2.00 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. T-Mobile US’s dividend payout ratio is currently 34.34%.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.