24,540 Shares in T-Mobile US, Inc. $TMUS Purchased by Castlefield Investment Partners LLP

Key Points

• Castlefield Investment Partners purchased 24,540 shares of T-Mobile US worth approximately $4.1 million, making the stock 2.8% of its portfolio. Institutional investors and hedge funds collectively own 42.49% of T-Mobile’s shares.
• T-Mobile exceeded quarterly earnings expectations, reporting $2.99 EPS versus the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion.
• The company declared a quarterly dividend of $1.02, equivalent to an annualized $4.08 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08.

Castlefield Investment Partners LLP bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,540 shares of the Wireless communications provider's stock, valued at approximately $4,116,000. T-Mobile US makes up about 2.8% of Castlefield Investment Partners LLP's holdings, making the stock its 15th largest holding.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of T-Mobile US in the second quarter valued at approximately $6,625,275,000. Norges Bank acquired a new position in shares of T-Mobile US during the fourth quarter valued at approximately $1,335,918,000. Price T Rowe Associates Inc. MD raised its holdings in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in T-Mobile US in the second quarter worth approximately $839,194,000. Finally, Dodge & Cox lifted its position in T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after purchasing an additional 2,442,450 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $183.04 on Monday. The stock has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The business's fifty day moving average is $181.42 and its two-hundred day moving average is $193.97. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $2.84 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date 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 (DPR) is 42.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wolfe Research reiterated a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. Weiss Ratings lowered T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. Arete Research raised their target price on T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Benchmark lowered their target price on T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Finally, DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. 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 company's stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

About T-Mobile US

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source