Matters Capital LLC Acquires New Position in T-Mobile US, Inc. $TMUS

Key Points

• Matters Capital LLC acquired 7,131 T-Mobile US shares worth approximately $1.2 million in the second quarter, making the stock its 28th-largest holding. Institutional investors collectively own 42.49% of T-Mobile.
• T-Mobile reported quarterly EPS of $2.99, exceeding 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 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

Matters Capital LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,131 shares of the Wireless communications provider's stock, valued at approximately $1,196,000. T-Mobile US makes up about 0.8% of Matters Capital LLC's holdings, making the stock its 28th biggest holding.

Other large investors also recently bought and sold shares of the company. JDM Financial Group LLC raised its position in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Main Street Group LTD bought a new position in T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC acquired a new position in T-Mobile US in the second quarter worth $25,000. Dunhill Financial LLC acquired a new position in T-Mobile US in the second quarter worth $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US during the fourth quarter valued at $29,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS opened at $183.04 on Friday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.25. 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 stock has a fifty day moving average price of $181.42 and a 200 day moving average price of $193.98. The company has a market cap of $196.34 billion, a P/E ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) 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 period last year, the business posted $2.84 earnings per share. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is 42.72%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. KeyCorp dropped their target price on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, July 24th. TD Cowen decreased their price target on shares of T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a report on Friday, July 24th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Arete Research boosted their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. One equities research 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $252.08.

T-Mobile US 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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