Franklin Street Advisors Inc. NC Buys New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Franklin Street Advisors Inc. NC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the first quarter, Holdings Channel.com reports. The fund bought 867 shares of the Wireless communications provider’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ancora Advisors LLC raised its stake in T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock valued at $57,000 after purchasing an additional 37 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after purchasing an additional 40 shares in the last quarter. Signaturefd LLC raised its stake in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after purchasing an additional 41 shares in the last quarter. Financial Management Professionals Inc. raised its stake in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 41 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of T-Mobile US by 0.7% during the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider’s stock worth $1,340,000 after acquiring an additional 43 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMUS has been the topic of several research reports. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $236.98 on Wednesday. T-Mobile US, Inc. has a 1 year low of $171.18 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company’s 50-day moving average is $247.34 and its 200 day moving average is $244.14. The stock has a market capitalization of $269.08 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the previous year, the company earned $2.00 earnings per share. T-Mobile US’s quarterly revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) 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.