Braun Stacey Associates Inc. Has $8.51 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Braun Stacey Associates cut its T-Mobile US stake by 59.7% in the second quarter, selling 75,178 shares and retaining 50,713 shares worth approximately $8.51 million.
• Institutional activity was mixed: Viking Global Investors increased its holdings by 81.7%, while institutional investors and hedge funds collectively own 42.49% of T-Mobile US.
• T-Mobile reported adjusted earnings of $2.99 per share, beating estimates, while revenue rose 7.9% year over year. The company also declared a $1.02 quarterly dividend, and analysts maintain a “Moderate Buy” consensus with a $252.08 price target.

Braun Stacey Associates Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 59.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,713 shares of the Wireless communications provider's stock after selling 75,178 shares during the period. Braun Stacey Associates Inc.'s holdings in T-Mobile US were worth $8,506,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TMUS. Sei Investments Co. raised its position in T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider's stock valued at $33,972,000 after buying an additional 8,491 shares during the period. Diversify Advisory Services LLC boosted its position in 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 during the period. Darwin Wealth Management LLC purchased a new position in T-Mobile US during the 2nd quarter valued at about $375,000. Raymond James Financial Inc. increased its holdings in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider's stock valued at $489,420,000 after purchasing an additional 9,568 shares during the period. Finally, Viking Global Investors LP increased its holdings 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 period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

NASDAQ TMUS opened at $181.37 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $181.12 and a 200 day simple moving average of $193.35. The company has a market cap of $194.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating 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 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 prior year, the company earned $2.84 EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of 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. Wall Street Zen upgraded shares of T-Mobile US from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. UBS Group dropped 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 research note on Friday, July 24th. Benchmark cut their price objective on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. Finally, DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. 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.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Company Profile

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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