CFO4Life Group LLC Invests $1.02 Million in T-Mobile US, Inc. $TMUS

Key Points

• CFO4Life Group acquired a new $1.02 million stake in T-Mobile US during the second quarter, purchasing 6,098 shares. Institutional investors and hedge funds collectively own 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, slightly below expectations.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

CFO4Life Group LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,098 shares of the Wireless communications provider's stock, valued at approximately $1,023,000.

A number of other hedge funds have also modified their holdings of the stock. JDM Financial Group LLC lifted its holdings in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in T-Mobile US in the 1st quarter worth about $25,000. Paladin Partners LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Finally, Swiss RE Ltd. purchased a new stake in T-Mobile US during the fourth quarter valued at about $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.0%

T-Mobile US stock opened at $183.04 on Friday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. The firm's 50 day moving average price is $181.42 and its two-hundred day moving average price is $193.98.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating 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 business had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. During the same period in the previous year, the company posted $2.84 EPS. T-Mobile US's revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 2.2%. T-Mobile US's payout ratio is 42.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Scotiabank cut their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, July 15th. Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Finally, Morgan Stanley decreased their target price on 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. One research 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. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $252.08.

T-Mobile US 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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