National Pension Service Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• National Pension Service increased its T-Mobile US stake by 2.3% in the second quarter, adding 28,413 shares to hold 1.27 million shares valued at approximately $213.5 million. Institutional and hedge-fund investors own 42.49% of the company.
• Analysts maintain a generally positive outlook, with 21 Buy, one Strong Buy and eight Hold ratings, producing a “Moderate Buy” consensus and an average price target of $252.08.
• 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. The company also paid a quarterly dividend of $1.02 per share, equivalent to a 2.3% annualized yield.

National Pension Service boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,272,702 shares of the Wireless communications provider's stock after buying an additional 28,413 shares during the quarter. National Pension Service owned 0.12% of T-Mobile US worth $213,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC boosted its stake in shares of T-Mobile US by 3.8% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of T-Mobile US by 16.2% in the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock worth $71,000 after acquiring an additional 49 shares during the period. Wellspring Financial Advisors LLC grew its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock worth $259,000 after acquiring an additional 52 shares during the period. Essex Financial Services Inc. increased its stake in T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock valued at $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC raised its holdings in T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock worth $239,000 after purchasing an additional 53 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TMUS. Scotiabank decreased 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 report on Wednesday, July 15th. Weiss Ratings cut T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 15th. Wolfe Research reaffirmed a "peer perform" rating on shares of T-Mobile US in a research note on Friday, August 14th. Wells Fargo & Company decreased their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Finally, Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective on the stock in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $252.08.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $177.16 on Friday. The business's fifty day moving average price is $181.82 and its two-hundred day moving average price is $191.28. The stock has a market cap of $190.03 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.14 and a beta of 0.34. 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, Inc. has a one year low of $165.66 and a one year high of $244.24.

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, topping 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 during the quarter, compared to analysts' expectations of $22.95 billion. During the same period in the previous year, the firm posted $2.84 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 28th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

About T-Mobile US

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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