Vest Financial LLC Purchases 1,455 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Vest Financial LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 35.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,504 shares of the Wireless communications provider’s stock after buying an additional 1,455 shares during the period. Vest Financial LLC’s holdings in T-Mobile US were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after buying an additional 90,755 shares in the last quarter. Invesco Ltd. raised its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after acquiring an additional 384,956 shares in the last quarter. Norges Bank bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $1,802,393,000. Capital International Investors raised its holdings in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on TMUS shares. Benchmark reiterated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Tigress Financial raised their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Eleven investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $245.86 on Friday. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The company has a market cap of $279.16 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business’s 50 day moving average price is $248.49 and its 200 day moving average price is $244.13.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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