Legal & General Group Plc Acquires Shares of 3,479,851 T-Mobile US, Inc. $TMUS

Key Points

• Legal & General Group Plc acquired 3,479,851 T-Mobile US shares in the second quarter, valued at approximately $583.7 million and representing about 0.32% of the company.
• T-Mobile US reported quarterly EPS of $2.99, 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, or $4.08 annually, yielding about 2.2%; analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

Legal & General Group Plc acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,479,851 shares of the Wireless communications provider's stock, valued at approximately $583,675,000. Legal & General Group Plc owned approximately 0.32% of T-Mobile US at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC increased its holdings in 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 buying an additional 65 shares during the last quarter. Main Street Group LTD bought a new position in T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $182.62 on Tuesday. The company has a 50-day moving average price of $181.29 and a two-hundred day moving average price of $193.87. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The stock has a market cap of $195.89 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly 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 company had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. During the same quarter in the previous year, the company posted $2.84 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's payout ratio is 42.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Morgan Stanley dropped their target price on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a report on Tuesday, July 7th. Wells Fargo & Company decreased their price target on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

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