Emerald Investment Advisers LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Emerald Investment Advisers acquired 7,643 T-Mobile US shares worth approximately $1.28 million during the second quarter. Institutional investors and hedge funds collectively own 42.49% of the company.
• T-Mobile reported quarterly earnings of $2.99 per share, exceeding analyst estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. Shares recently traded at $183.04, near the lower end of their 12-month range.
• 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 consensus “Moderate Buy” rating with an average price target of $252.08.

Emerald Investment Advisers LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,643 shares of the Wireless communications provider's stock, valued at approximately $1,282,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock worth $39,354,000 after buying an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its position in T-Mobile US by 34.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock valued at $12,593,000 after buying an additional 15,495 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock valued at $20,010,000 after acquiring an additional 14,110 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock valued at $62,370,000 after acquiring an additional 72,922 shares in the last quarter. Finally, Entropy Technologies LP boosted its position in T-Mobile US by 105.9% during the 4th quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider's stock worth $7,333,000 after acquiring an additional 18,573 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 1.0%

Shares of T-Mobile US stock opened at $183.04 on Friday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25. The stock has a market cap of $196.34 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The business's 50 day moving average is $181.42 and its 200-day moving average is $193.98.

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 for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.84 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared 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 dividend payout ratio (DPR) is currently 42.72%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TMUS shares. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Benchmark reduced their target price on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. Morgan Stanley decreased their target price on shares of 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. TD Cowen lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of T-Mobile US from $300.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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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