18,259 Shares in T-Mobile US, Inc. $TMUS Acquired by Asset One Wealth Management LLC

Key Points

• Asset One Wealth Management acquired 18,259 shares of T-Mobile US during the second quarter, valued at approximately $3.43 million. Institutional investors collectively own 42.49% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, 21 Buy, and eight Hold ratings. T-Mobile has a consensus “Moderate Buy” rating and an average price target of $252.08, despite several recent target-price reductions.
• T-Mobile exceeded quarterly earnings expectations, reporting EPS of $2.99 versus the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion. The company also announced a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.

Asset One Wealth Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,259 shares of the Wireless communications provider's stock, valued at approximately $3,426,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TMUS. Infrastructure Capital Advisors LLC purchased a new stake in T-Mobile US in the 2nd quarter worth $284,000. Cibc World Market Inc. purchased a new position in shares of T-Mobile US in the second quarter worth $47,895,000. Castlefield Investment Partners LLP bought a new position in shares of T-Mobile US during the second quarter worth $4,116,000. OMERS ADMINISTRATION Corp bought a new position in shares of T-Mobile US during the second quarter worth $45,870,000. Finally, Osmosis Investment Management UK Ltd purchased a new position in T-Mobile US during the second quarter valued at $11,275,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Scotiabank reduced their price target on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a report on Wednesday, July 15th. The Goldman Sachs Group restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. UBS Group reduced their target price on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Finally, Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Price Performance

NASDAQ TMUS opened at $183.04 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average of $181.42 and a two-hundred day moving average of $193.97. The firm has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the business earned $2.84 EPS. The business's revenue was up 7.9% on a year-over-year basis. On average, analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio is currently 42.72%.

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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