403,805 Shares in T-Mobile US, Inc. $TMUS Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 403,805 shares of T-Mobile US during the second quarter, valued at approximately $67.7 million. Institutional investors collectively own 42.49% of the company.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.08; Barclays lowered its target from $230 to $215 while retaining an overweight rating.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates by $0.40, while revenue increased 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, yielding about 2.3% annually.

Jupiter Topco LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 403,805 shares of the Wireless communications provider's stock, valued at approximately $67,724,000.

Other institutional investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC raised its position in shares of T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock valued at $71,000 after purchasing an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC grew its stake 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 worth $259,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. grew its stake in T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock worth $326,000 after purchasing an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC increased its holdings in T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock worth $239,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TMUS shares. JPMorgan Chase & Co. reissued a "buy" rating on shares of T-Mobile US in a research note on Tuesday, May 19th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. Wolfe Research reiterated a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, Barclays cut their target price on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. One research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Stock Down 1.0%

TMUS stock opened at $177.75 on Friday. The stock's 50 day simple moving average is $181.13 and its 200 day simple moving average is $193.43. The company has a market cap of $190.67 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. 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, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $258.66.

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 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the previous year, the company posted $2.84 earnings per share. The company's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's payout ratio is 42.72%.

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.

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