Alyeska Investment Group L.P. bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 140,914 shares of the Wireless communications provider's stock, valued at approximately $23,636,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its position in shares of T-Mobile US by 9.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,051 shares of the Wireless communications provider's stock worth $1,686,000 after buying an additional 860 shares during the period. Thornburg Investment Management Inc. increased its stake in T-Mobile US by 489.6% in the second quarter. Thornburg Investment Management Inc. now owns 16,149 shares of the Wireless communications provider's stock valued at $2,709,000 after purchasing an additional 13,410 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in T-Mobile US by 16.3% in the second quarter. Greenwood Capital Associates LLC now owns 27,228 shares of the Wireless communications provider's stock worth $4,567,000 after purchasing an additional 3,817 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider's stock valued at $683,731,000 after buying an additional 43,783 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in T-Mobile US by 7.3% during the 2nd quarter. New Mexico Educational Retirement Board now owns 23,550 shares of the Wireless communications provider's stock worth $3,950,000 after buying an additional 1,600 shares during the period. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Trading Down 0.5%
T-Mobile US stock opened at $180.44 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a 50-day moving average of $181.13 and a 200-day moving average of $193.18. The company has a market cap of $193.55 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66.
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. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the company posted $2.84 earnings per share. T-Mobile US's revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect 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 issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio is presently 42.72%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Scotiabank decreased their target price on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of T-Mobile US in a report on Tuesday, May 19th. KeyCorp dropped their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. Morgan Stanley cut their price objective on shares of 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, UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research note 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 issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $252.08.
Check Out Our Latest Analysis on TMUS
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.
Further Reading
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