Benjamin Edwards Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,992 shares of the Wireless communications provider's stock after acquiring an additional 34,881 shares during the quarter. Benjamin Edwards Inc.'s holdings in T-Mobile US were worth $43,278,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. GTS Securities LLC increased its holdings in shares of T-Mobile US by 7.9% in the 2nd quarter. GTS Securities LLC now owns 5,524 shares of the Wireless communications provider's stock worth $927,000 after purchasing an additional 403 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of T-Mobile US during the second quarter valued at $23,636,000. Cookson Peirce & Co. Inc. increased its holdings in T-Mobile US by 9.4% in 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 in the last quarter. Thornburg Investment Management Inc. increased its holdings in T-Mobile US by 489.6% in the 2nd quarter. Thornburg Investment Management Inc. now owns 16,149 shares of the Wireless communications provider's stock worth $2,709,000 after buying an additional 13,410 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its position in T-Mobile US by 16.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 27,228 shares of the Wireless communications provider's stock worth $4,567,000 after buying an additional 3,817 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TMUS has been the topic of several research analyst reports. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Scotiabank decreased their price objective on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a report on Wednesday, July 15th. Arete Research increased their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Bank of America upgraded shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a report on Monday, July 6th. Finally, KeyCorp cut their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $252.08.
View Our Latest Research Report on TMUS
T-Mobile US Price Performance
NASDAQ TMUS opened at $181.37 on Friday. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The firm has a market capitalization of $194.55 billion, a P/E ratio of 18.99, a PEG ratio of 1.02 and a beta of 0.33. 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 company has a 50-day moving average price of $181.12 and a 200-day moving average price of $193.35.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.
T-Mobile US Announces Dividend
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 given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US's payout ratio is presently 42.72%.
About T-Mobile US
(
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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