Cetera Trust Company N.A Has $3.19 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cetera Trust Company N.A raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,973 shares of the Wireless communications provider’s stock after acquiring an additional 100 shares during the quarter. T-Mobile US comprises 2.0% of Cetera Trust Company N.A’s investment portfolio, making the stock its 8th biggest holding. Cetera Trust Company N.A’s holdings in T-Mobile US were worth $3,193,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Godsey & Gibb Inc. increased its stake in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the 4th quarter valued at about $28,000. Adirondack Trust Co. raised its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 110 shares during the period. Finally, City Holding Co. grew its stake in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Royal Bank of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” 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 for the company. in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Price Performance

T-Mobile US stock opened at $245.86 on Monday. The business’s 50 day simple moving average is $248.49 and its 200 day simple moving average is $244.19. T-Mobile US, Inc. has a 12 month low of $171.18 and a 12 month 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 current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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