MASTERINVEST Kapitalanlage GmbH acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,287 shares of the Wireless communications provider's stock, valued at approximately $1,390,000.
Several other institutional investors also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ raised its position in shares of T-Mobile US by 14.6% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider's stock valued at $39,354,000 after purchasing an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services lifted its stake in shares of T-Mobile US by 34.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider's stock worth $12,593,000 after buying an additional 15,495 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of T-Mobile US by 16.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider's stock worth $20,010,000 after buying an additional 14,110 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider's stock worth $62,370,000 after buying an additional 72,922 shares during the period. Finally, Liontrust Investment Partners LLP grew its stake in T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider's stock valued at $12,056,000 after buying an additional 18,075 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TMUS. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Wells Fargo & Company reduced their price objective on 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. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Scotiabank lowered their target price on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a research note on Wednesday, July 15th. Finally, Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $252.08.
Check Out Our Latest Report on TMUS
T-Mobile US Trading Down 1.0%
TMUS stock opened at $177.75 on Friday. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The company has a market capitalization of $190.67 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The company's 50-day simple moving average is $181.13 and its 200 day simple moving average is $193.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.84 EPS. As a group, sell-side analysts anticipate 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 given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's payout ratio is presently 42.72%.
T-Mobile US Profile
(
Free Report)
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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