Bruce G. Allen Investments LLC Buys 44 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bruce G. Allen Investments LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 26.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209 shares of the Wireless communications provider’s stock after purchasing an additional 44 shares during the period. Bruce G. Allen Investments LLC’s holdings in T-Mobile US were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Tounjian Advisory Partners LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $1,493,000. Northstar Advisory Group LLC purchased a new stake in shares of T-Mobile US during the first quarter worth about $685,000. Pallas Capital Advisors LLC raised its holdings in shares of T-Mobile US by 57.7% during the first quarter. Pallas Capital Advisors LLC now owns 1,865 shares of the Wireless communications provider’s stock valued at $497,000 after acquiring an additional 682 shares in the last quarter. Cetera Trust Company N.A lifted its position in shares of T-Mobile US by 0.8% in the 1st quarter. Cetera Trust Company N.A now owns 11,973 shares of the Wireless communications provider’s stock worth $3,193,000 after purchasing an additional 100 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of T-Mobile US by 29.8% in the 1st quarter. Farther Finance Advisors LLC now owns 5,117 shares of the Wireless communications provider’s stock valued at $1,374,000 after purchasing an additional 1,175 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Benchmark reiterated a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Eleven equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Trading Up 0.4%

NASDAQ:TMUS opened at $245.86 on Monday. The company has a market capitalization of $279.16 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The stock’s 50 day moving average price is $248.49 and its 200 day moving average price is $244.19. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the firm earned $2.00 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed 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 is Friday, August 29th. T-Mobile US’s payout ratio is presently 34.34%.

T-Mobile US Profile

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.