Edmond DE Rothschild Holding S.A. Purchases New Shares in T-Mobile US, Inc. $TMUS

Key Points

• Edmond DE Rothschild Holding initiated a T-Mobile US position by purchasing 16,574 shares worth approximately $2.78 million. Institutional investors collectively own 42.49% of TMUS.
• Analysts maintain a broadly positive outlook, with one Strong Buy, 21 Buy and eight Hold ratings. The consensus rating is Moderate Buy, with an average price target of $252.08.
• T-Mobile reported quarterly EPS of $2.99, beating estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.3% yield.

Edmond DE Rothschild Holding S.A. purchased a new position 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 purchased 16,574 shares of the Wireless communications provider's stock, valued at approximately $2,780,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TMUS. CYBER HORNET ETFs LLC lifted its position in T-Mobile US by 3.8% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after acquiring an additional 48 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of T-Mobile US by 16.2% in the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock valued at $71,000 after purchasing an additional 49 shares during the period. Wellspring Financial Advisors LLC raised its stake in shares of T-Mobile US by 4.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock worth $259,000 after purchasing an additional 52 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock worth $326,000 after purchasing an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock worth $239,000 after purchasing an additional 53 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer upgraded shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. Weiss Ratings cut shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. 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. KeyCorp dropped their price target on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Finally, Morgan Stanley cut their price target on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Trading Down 0.6%

Shares of TMUS stock opened at $181.22 on Friday. The business's fifty day moving average price is $181.54 and its 200 day moving average price is $194.06. The firm has a market capitalization of $194.39 billion, a PE ratio of 18.98, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.84 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

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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