Flputnam Investment Management Co. Takes $2.23 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Flputnam Investment Management acquired 13,274 T-Mobile US shares worth approximately $2.23 million during the second quarter. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also announced a quarterly dividend of $1.02 per share, representing a 2.3% yield.
• Despite shares trading near $180 and down 1.4%, analysts maintain a “Moderate Buy” consensus, with an average price target of $252.08.

Flputnam Investment Management Co. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,274 shares of the Wireless communications provider's stock, valued at approximately $2,226,000.

A number of other institutional investors have also recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $2,614,000. Bank of New York Mellon Corp purchased a new stake in T-Mobile US during the 2nd quarter worth approximately $839,194,000. Sandro Wealth Management LLC acquired a new position in shares of T-Mobile US during the second quarter valued at approximately $1,872,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of T-Mobile US in the second quarter worth approximately $1,788,000. Finally, State of Wyoming purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $124,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 1.4%

Shares of NASDAQ TMUS opened at $180.12 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $193.21 billion, a PE ratio of 18.86, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.56. The stock has a fifty day simple moving average of $181.63 and a 200-day simple moving average of $194.24.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 analysts' expectations 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.84 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio is presently 42.72%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Benchmark lowered their price target on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Morgan Stanley dropped their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $252.08.

About T-Mobile US

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source