E Fund Management Co. Ltd. Makes New $6.64 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• E Fund Management purchased 39,619 shares of T-Mobile US worth approximately $6.64 million in the second quarter. Institutional investors collectively own 42.49% of the company.
• T-Mobile beat quarterly EPS expectations, reporting $2.99 versus the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion, slightly below forecasts.
• The company declared a quarterly dividend of $1.02 per share, equal to an annualized $4.08 and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08.

E Fund Management Co. Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,619 shares of the Wireless communications provider's stock, valued at approximately $6,645,000.

A number of other large investors have also added to or reduced their stakes in TMUS. Main Street Group LTD acquired a new stake in T-Mobile US in the first quarter valued at $25,000. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of T-Mobile US during the fourth quarter valued at about $29,000. Paladin Partners LLC acquired a new position in T-Mobile US during the 2nd quarter worth approximately $25,000. Finally, Turning Point Benefit Group Inc. raised its position in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock worth $32,000 after purchasing an additional 153 shares during the period. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2%

TMUS stock opened at $182.36 on Thursday. The stock has a market cap of $195.61 billion, a P/E ratio of 19.10, a P/E/G ratio of 1.03 and a beta of 0.33. The stock's fifty day simple moving average is $181.63 and its two-hundred day simple moving average is $194.17. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results 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 return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period last year, the business posted $2.84 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of T-Mobile US from $300.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. KeyCorp cut their price target on 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. Finally, Barclays decreased their price objective on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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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