Jefferies Financial Group Inc. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,283 shares of the Wireless communications provider's stock, valued at approximately $4,576,000.
A number of other institutional investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC boosted its position in T-Mobile US by 3.8% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock valued at $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. grew its stake in T-Mobile US by 16.2% in the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock worth $71,000 after purchasing an additional 49 shares during the period. Wellspring Financial Advisors LLC lifted its position in T-Mobile US by 4.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock valued at $259,000 after buying an additional 52 shares during the period. Essex Financial Services Inc. lifted its position in T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock valued at $326,000 after acquiring an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock valued at $239,000 after purchasing an additional 53 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US Price Performance
NASDAQ TMUS opened at $181.37 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The stock has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.00 and a beta of 0.33. The company's 50 day moving average is $181.12 and its two-hundred day moving average is $193.35.
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. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 earnings per share. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.
T-Mobile US Announces Dividend
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 issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio is presently 42.72%.
Analyst Upgrades and Downgrades
TMUS has been the topic of several analyst reports. Scotiabank dropped their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, July 15th. Arete Research increased their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Barclays decreased their target price on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Monday, July 6th. Finally, TD Cowen decreased their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $252.08.
View Our Latest Report on T-Mobile US
About T-Mobile US
(
Free Report)
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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