Madison Asset Management LLC Purchases New Stake in T-Mobile US, Inc. $TMUS

Key Points

• Madison Asset Management purchased 38,112 T-Mobile US shares during the second quarter, valued at approximately $6.4 million. Institutional investors and hedge funds collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion. Analysts expect $10.73 in full-year EPS.
• The company declared a quarterly dividend of $1.02 per share, or $4.08 annualized, representing a 2.2% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $252.08.

Madison Asset Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 38,112 shares of the Wireless communications provider's stock, valued at approximately $6,393,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $6,625,275,000. Norges Bank acquired a new position in T-Mobile US in the fourth quarter valued at about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its stake in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after buying an additional 6,516,968 shares during the period. Bank of New York Mellon Corp purchased a new position in T-Mobile US during the second quarter worth about $839,194,000. Finally, Dodge & Cox increased its position in shares of T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $182.36 on Thursday. The company's 50 day simple moving average is $181.63 and its 200-day simple moving average is $194.17. The firm has a market cap of $195.61 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. 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 announced its earnings results 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 net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The business's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio is presently 42.72%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TMUS. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Arete Research raised their target price on T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. KeyCorp cut their price target on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Finally, Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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