Advisors Capital Management LLC bought a new position 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 & Exchange Commission. The firm bought 162,021 shares of the Wireless communications provider's stock, valued at approximately $27,176,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $6,625,275,000. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its position in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $839,194,000. Finally, Dodge & Cox grew its holdings in shares of T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Performance
Shares of TMUS opened at $181.22 on Friday. The company has a market cap of $194.39 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.03 and a beta of 0.33. The business's fifty day simple moving average is $181.54 and its two-hundred day simple moving average is $194.06. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.25. 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 (NASDAQ:TMUS - Get Free Report) last issued 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 company had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $2.84 earnings per share. Research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio is 42.72%.
Analyst Ratings Changes
A number of research analysts have recently commented on TMUS shares. Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. KeyCorp lowered their price objective on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Scotiabank reduced 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 report on Wednesday, July 15th. Finally, TD Cowen decreased their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $252.08.
Read Our Latest Stock Report on T-Mobile US
T-Mobile US Company Profile
(
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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