Beacon Pointe Advisors LLC Invests $2.06 Million in T-Mobile US, Inc. $TMUS

Key Points

• Beacon Pointe Advisors bought 12,255 T-Mobile US shares worth approximately $2.06 million during the second quarter. Other institutional investors, including Viking Global Investors, also increased their holdings, with institutions collectively owning 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company announced a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.
• TMUS shares opened at $181.37, well below their 52-week high of $258.66. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08, despite some recent target reductions.

Beacon Pointe Advisors LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,255 shares of the Wireless communications provider's stock, valued at approximately $2,055,000.

A number of other large investors also recently bought and sold shares of the business. Sei Investments Co. grew its position in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider's stock worth $33,972,000 after buying an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC raised its stake in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider's stock worth $1,147,000 after acquiring an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at $375,000. Raymond James Financial Inc. raised its stake in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider's stock valued at $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP raised its position in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS opened at $181.37 on Monday. The company's 50-day simple moving average is $181.12 and its 200-day simple moving average is $193.32. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The stock has a market capitalization of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same quarter in the previous year, the business posted $2.84 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. Analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's payout ratio is presently 42.72%.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, July 24th. Wells Fargo & Company dropped their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Wolfe Research reissued a "peer perform" rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

About T-Mobile US

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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