Great Lakes Advisors LLC Purchases New Position in T-Mobile US, Inc. $TMUS

Key Points

• Great Lakes Advisors acquired 17,490 T-Mobile US shares worth approximately $2.93 million in the second quarter. Several other institutional investors also initiated positions, with institutions collectively owning 42.49% of the company.
• T-Mobile reported quarterly earnings of $2.99 per share, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion, slightly below expectations.
• The company declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08.

Great Lakes Advisors LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,490 shares of the Wireless communications provider's stock, valued at approximately $2,934,000.

A number of other institutional investors also recently made changes to their positions in TMUS. Avaii Wealth Management LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $6,170,000. Compass Wealth Management LLC bought a new stake in T-Mobile US in the 2nd quarter valued at about $383,000. BOK Financial Private Wealth Inc. acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $90,000. Act Two Investors LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth approximately $25,341,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new position in shares of T-Mobile US during the second quarter worth approximately $2,031,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $181.22 on Friday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The stock has a market capitalization of $194.39 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. 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 company's 50 day simple moving average is $181.54 and its 200 day simple moving average is $194.06.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the business posted $2.84 EPS. The company's revenue was up 7.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Oppenheimer raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price target on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada cut their target price on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research report on Monday, July 20th. Arete Research increased their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Scotiabank reduced their target price on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a report on Wednesday, July 15th. Finally, Barclays decreased their price target on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus 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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