Elevation Point Wealth Partners LLC 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 disclosure with the SEC. The institutional investor purchased 22,249 shares of the Wireless communications provider's stock, valued at approximately $3,732,000.
Other institutional investors have also added to or reduced their stakes in the company. Greenland Capital Management LP bought a new stake in T-Mobile US during the second quarter worth $2,698,000. Alta Advisers Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter worth $319,000. Daiichi Life Insurance Co. Ltd. bought a new stake in shares of T-Mobile US during the 2nd quarter worth $11,584,000. Commerce Bank acquired a new stake in T-Mobile US in the second quarter valued at about $50,676,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in T-Mobile US in the second quarter valued at about $9,365,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Wells Fargo & Company lowered their target price on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. restated a "buy" rating on shares of T-Mobile US in a research note on Tuesday, May 19th. KeyCorp decreased 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 report on Friday, July 24th. UBS Group lowered their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings downgraded shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $252.08.
Read Our Latest Stock Analysis on TMUS
T-Mobile US Stock Performance
Shares of TMUS stock opened at $183.04 on Friday. The business's 50-day moving average price is $181.42 and its 200-day moving average price is $193.98. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.25. The firm has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33. 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 (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) 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 company 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 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 forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.
T-Mobile US Announces Dividend
The firm 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 is 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.
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