Northwestern Mutual Wealth Management Co. Invests $9.37 Million in T-Mobile US, Inc. $TMUS

Key Points

• Northwestern Mutual Wealth Management acquired 55,833 T-Mobile US shares worth approximately $9.37 million during the second quarter, while other institutional investors—including Viking Global Investors—also increased their positions.
• T-Mobile reported quarterly EPS of $2.99, exceeding the $2.59 consensus estimate, 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 a 2.2% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08.

Northwestern Mutual Wealth Management Co. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 55,833 shares of the Wireless communications provider's stock, valued at approximately $9,365,000.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider's stock worth $33,972,000 after acquiring an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC increased its stake in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider's stock valued at $1,147,000 after purchasing an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $375,000. Raymond James Financial Inc. raised its holdings in T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider's stock worth $489,420,000 after purchasing an additional 9,568 shares during the period. Finally, Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $183.04 on Monday. 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, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. The firm has a market capitalization of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. The firm's 50-day moving average price is $181.42 and its 200 day moving average price is $193.97.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 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 company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the business earned $2.84 EPS. T-Mobile US's quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TMUS. Weiss Ratings downgraded T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, June 15th. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Wolfe Research reiterated a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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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