Old North State Trust LLC Invests $1.03 Million in T-Mobile US, Inc. $TMUS

Key Points

• Old North State Trust purchased 6,172 T-Mobile US shares worth approximately $1.03 million during the second quarter. Institutional investors collectively own 42.49% of the company, with BlackRock and Norges Bank among major recent entrants.
• 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 an annualized $4.08 payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $252.08.

Old North State Trust LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,172 shares of the Wireless communications provider's stock, valued at approximately $1,035,000.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in T-Mobile US in the 2nd quarter valued at $6,625,275,000. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after buying an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of T-Mobile US in the second quarter valued at about $839,194,000. Finally, Bank of America Corp DE bought a new stake in shares of T-Mobile US in the second quarter valued at about $758,977,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 1.0%

Shares of T-Mobile US stock opened at $177.75 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66. The company has a market capitalization of $190.67 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.01 and a beta of 0.33. The firm's 50-day moving average price is $181.13 and its two-hundred day moving average price is $193.43.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a report on Monday, July 6th. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Royal Bank Of Canada lowered their target price 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. Finally, Barclays dropped their price target on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.08.

About T-Mobile US

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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