Wedmont Private Capital Has $1.86 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wedmont Private Capital increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,186 shares of the Wireless communications provider’s stock after purchasing an additional 447 shares during the period. Wedmont Private Capital’s holdings in T-Mobile US were worth $1,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at about $1,552,000. Van ECK Associates Corp increased its stake in T-Mobile US by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock valued at $4,603,000 after buying an additional 625 shares during the period. CFC Planning Co LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $476,000. Avantax Advisory Services Inc. boosted its stake in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after buying an additional 1,859 shares during the period. Finally, Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the 4th quarter valued at $2,539,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of TMUS opened at $245.86 on Monday. 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 one year low of $171.18 and a one year high of $276.49. The company’s fifty day moving average price is $248.49 and its 200 day moving average price is $244.19. The company 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.

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

T-Mobile US Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TMUS shares. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Royal Bank of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. raised 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. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.68.

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.