Tounjian Advisory Partners LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Tounjian Advisory Partners LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,600 shares of the Wireless communications provider's stock, valued at approximately $1,493,000.

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

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $245.86 on Monday. The stock has a market capitalization of $279.16 billion, a P/E 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. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two week high of $276.49. The company has a 50 day moving average price of $248.49 and a 200 day moving average price of $244.19.

T-Mobile US (NASDAQ:TMUS - Get Free Report) 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. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US's revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US's dividend payout ratio is presently 34.34%.

Analyst Ratings Changes

A number of research firms have weighed in on TMUS. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Citigroup lowered 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 increased their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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