Manning & Napier Advisors LLC Makes New $11.23 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• Manning & Napier Advisors purchased 64,551 shares of T-Mobile US worth approximately $11.23 million during the second quarter. Several other institutions also initiated positions, with institutional investors owning 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating expectations by $0.40, while revenue rose 7.9% year over year to $22.79 billion, slightly below forecasts.
• The company declared a quarterly dividend of $1.02, equivalent to $4.08 annually and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $252.08 versus the shares’ $182.62 opening price.

Manning & Napier Advisors LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 64,551 shares of the Wireless communications provider's stock, valued at approximately $11,230,000.

Several other hedge funds have also modified their holdings of TMUS. L2 Asset Management LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $454,000. Cetera Trust Company N.A acquired a new stake in T-Mobile US during the 2nd quarter valued at $1,933,000. Dearborn Partners LLC purchased a new stake in T-Mobile US during the 2nd quarter worth $22,819,000. Asset One Wealth Management LLC purchased a new stake in T-Mobile US during the 2nd quarter worth $3,426,000. Finally, Infrastructure Capital Advisors LLC acquired a new position in T-Mobile US in the 2nd quarter worth $284,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $182.62 on Tuesday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a market capitalization 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 business has a 50 day simple moving average of $181.29 and a 200-day simple moving average of $193.87.

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 (EPS) 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 firm had revenue of $22.79 billion for the quarter, compared to analysts' expectations of $22.95 billion. During the same period last year, the business posted $2.84 earnings per share. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share 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. Stockholders of record on Friday, August 28th will be issued 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%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Wall Street Zen raised T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Benchmark reduced their target price on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada dropped their price target 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. Finally, JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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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