Global Retirement Partners LLC Buys Shares of 15,583 T-Mobile US, Inc. $TMUS

Key Points

• Global Retirement Partners initiated a position in T-Mobile US by purchasing 15,583 shares valued at approximately $2.6 million. Institutional investors and hedge funds collectively own 42.49% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.08, despite several firms recently lowering their targets.
• T-Mobile reported quarterly EPS of $2.99, exceeding expectations of $2.59, 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 2.2% annualized yield.

Global Retirement Partners LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,583 shares of the Wireless communications provider's stock, valued at approximately $2,614,000.

Several other hedge funds also recently modified their holdings of TMUS. Main Street Group LTD bought a new position in T-Mobile US in the first quarter valued at about $25,000. JDM Financial Group LLC grew its holdings in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the fourth quarter worth about $29,000. Turning Point Benefit Group Inc. increased its stake in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock valued at $32,000 after buying an additional 153 shares during the period. Finally, Sachetta LLC increased its stake in shares of T-Mobile US by 52.9% in the first 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 period. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TMUS. Scotiabank cut their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research report on Wednesday, July 15th. Benchmark dropped 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. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective on the stock in a research note on Monday, July 6th. Morgan Stanley decreased 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 report on Tuesday, July 7th. Finally, Royal Bank Of Canada lowered their target price on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. One equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $182.61 on Monday. The company has a market cap of $195.88 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. 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 firm has a 50 day moving average of $181.60 and a 200-day moving average of $194.27.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio is currently 42.72%.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.

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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