Allworth Financial LP Acquires New Shares in T-Mobile US, Inc. $TMUS

Allworth Financial LP acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,338 shares of the Wireless communications provider's stock, valued at approximately $1,566,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $6,625,275,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $5,643,511,000 after buying an additional 6,516,968 shares during the period. State Street Corp increased its position in shares of T-Mobile US by 4.3% during the fourth 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 increased its position in shares of 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 worth $3,014,754,000 after acquiring an additional 1,121,409 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.0%

T-Mobile US stock opened at $183.04 on Friday. 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's 50-day moving average is $181.42 and its 200-day moving average is $193.98. The firm has a market capitalization of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the company earned $2.84 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio is 42.72%.

Analyst Ratings Changes

Several analysts have issued reports on TMUS shares. Royal Bank Of Canada dropped their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Wells Fargo & Company dropped their target price on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently 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.

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