437,090 Shares in T-Mobile US, Inc. $TMUS Purchased by Primecap Management Co. CA

Key Points

• Primecap Management purchased 437,090 T-Mobile US shares during the second quarter, a stake valued at approximately $73.3 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, exceeding analysts’ $2.59 estimate, while revenue rose 7.9% year over year to $22.79 billion, slightly below expectations.
• The company declared a quarterly dividend of $1.02, equivalent to an annualized $4.08 payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

Primecap Management Co. CA purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 437,090 shares of the Wireless communications provider's stock, valued at approximately $73,313,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC lifted its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 1.1%

Shares of NASDAQ:TMUS opened at $179.61 on Thursday. The stock has a market capitalization of $192.66 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. The stock's 50-day moving average price is $181.21 and its 200-day moving average price is $193.57. 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share 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 company had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same period in the prior year, the business posted $2.84 EPS. T-Mobile US's quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 annualized dividend and a yield of 2.3%. T-Mobile US's payout ratio is presently 42.72%.

Analyst Ratings Changes

TMUS has been the subject of several research reports. Barclays cut their target price on shares of 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. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Wall Street Zen upgraded T-Mobile US from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Morgan Stanley reduced their price objective on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on T-Mobile US from $300.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $252.08.

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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