Focus Partners Advisor Solutions LLC Purchases New Shares in T-Mobile US, Inc. $TMUS

Key Points

• Focus Partners Advisor Solutions acquired 10,660 T-Mobile US shares during the second quarter, valued at approximately $1.8 million. Hedge funds and other institutional investors own 42.49% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.08, despite some target-price reductions and a recent downgrade.
• T-Mobile exceeded quarterly earnings expectations with $2.99 EPS versus the $2.59 consensus, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a $1.02 quarterly dividend, representing a 2.2% annualized yield.

Focus Partners Advisor Solutions LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,660 shares of the Wireless communications provider's stock, valued at approximately $1,788,000.

Other hedge funds have also recently bought and sold shares of the company. JDM Financial Group LLC raised its holdings in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in T-Mobile US during the first quarter worth about $25,000. Swiss RE Ltd. bought a new stake in T-Mobile US in the 4th quarter worth about $29,000. Turning Point Benefit Group Inc. grew its position in T-Mobile US by 3,825.0% in the 4th 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 in the last quarter. Finally, Sachetta LLC increased its stake in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after buying an additional 55 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer raised shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. TD Cowen reduced their target price on T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a report on Friday, July 24th. Wells Fargo & Company decreased their price target on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. Wolfe Research reissued a "peer perform" rating on shares of T-Mobile US in a research report on Friday. Finally, Weiss Ratings downgraded T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. One research 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $182.61 on Friday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The stock's fifty day moving average price is $181.60 and its two-hundred day moving average price is $194.23. The firm has a market cap of $195.88 billion, a PE ratio of 19.12, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping 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 analyst estimates of $22.95 billion. During the same quarter last year, the firm posted $2.84 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The firm 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 $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's payout ratio is 42.72%.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company's stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company's stock.

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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