10,681 Shares in T-Mobile US, Inc. $TMUS Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,681 shares of the Wireless communications provider's stock, valued at approximately $1,791,000.

Several other large investors have also recently made changes to their positions in TMUS. BlackRock Inc. bought a new position in T-Mobile US during the 2nd quarter valued at approximately $6,625,275,000. Norges Bank bought a new stake in T-Mobile US in the fourth quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD boosted its holdings in T-Mobile US by 30.6% in the fourth 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 acquiring an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of T-Mobile US in the second quarter worth $839,194,000. Finally, Dodge & Cox grew its stake in shares of T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TMUS. UBS Group lowered their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Barclays cut their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company decreased 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. Finally, Oppenheimer raised shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $183.04 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average price of $181.42 and a 200-day moving average price of $193.98. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25. The firm has a market capitalization of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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 net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US's payout ratio is currently 42.72%.

About T-Mobile US

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.

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