Baird Financial Group Inc. Boosts Holdings in T-Mobile US, Inc. $TMUS

Baird Financial Group Inc. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,275 shares of the Wireless communications provider's stock after acquiring an additional 31,603 shares during the period. Baird Financial Group Inc.'s holdings in T-Mobile US were worth $39,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP increased its position in T-Mobile US by 16.1% during the 2nd quarter. Allworth Financial LP now owns 9,338 shares of the Wireless communications provider's stock valued at $1,566,000 after buying an additional 1,292 shares in the last quarter. West Family Investments Inc. grew its stake in shares of T-Mobile US by 11.4% during the second quarter. West Family Investments Inc. now owns 4,534 shares of the Wireless communications provider's stock worth $760,000 after acquiring an additional 465 shares during the last quarter. Waverly Advisors LLC grew its stake in shares of T-Mobile US by 1.7% during the second quarter. Waverly Advisors LLC now owns 72,335 shares of the Wireless communications provider's stock worth $12,133,000 after acquiring an additional 1,182 shares during the last quarter. Bank OZK grew its stake in shares of T-Mobile US by 7.0% during the second quarter. Bank OZK now owns 20,596 shares of the Wireless communications provider's stock worth $3,455,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of T-Mobile US by 3.1% during the second quarter. Empirical Finance LLC now owns 17,950 shares of the Wireless communications provider's stock valued at $3,011,000 after acquiring an additional 541 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 2.4%

Shares of NASDAQ:TMUS opened at $177.34 on Thursday. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $244.24. The stock has a market cap of $190.23 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.17 and a beta of 0.34. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The business has a 50-day moving average price of $181.83 and a 200-day moving average price of $191.55.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates 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 revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current year.

T-Mobile US Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US's dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. 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. 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 report on Friday, July 24th. Finally, KeyCorp lowered their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Profile

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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