AXQ Capital LP reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 74.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,598 shares of the Wireless communications provider's stock after selling 7,501 shares during the period. AXQ Capital LP's holdings in T-Mobile US were worth $436,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD purchased a new position in T-Mobile US in the first quarter worth $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 acquired a new stake in shares of T-Mobile US in the 2nd quarter worth $27,000. Swiss RE Ltd. acquired a new stake in shares of T-Mobile US in the 4th quarter worth $29,000. Finally, Sachetta LLC grew its stake in T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock worth $33,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.
T-Mobile US Stock Performance
T-Mobile US stock opened at $181.52 on Tuesday. The stock has a 50-day moving average price of $181.47 and a 200 day moving average price of $192.04. The company has a market capitalization of $194.71 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $255.74. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the company earned $2.84 EPS. T-Mobile US's quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.82 EPS for the current year.
T-Mobile US Announces Dividend
The firm also recently announced 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is 42.72%.
Analyst Ratings Changes
TMUS has been the topic of several recent analyst reports. Scotiabank reduced their target price on 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. TD Cowen dropped their price target on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. restated a "buy" rating on shares of T-Mobile US in a report on Tuesday, May 19th. Wolfe Research reaffirmed a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, UBS Group lowered their target price on shares of T-Mobile US from $255.00 to $235.00 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 assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.
View Our Latest Report on TMUS
T-Mobile US 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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