OVERSEA CHINESE BANKING Corp Ltd Invests $1.91 Million in T-Mobile US, Inc. $TMUS

Key Points

• Oversea Chinese Banking Corp Ltd acquired 11,381 shares of T-Mobile US during the second quarter, worth approximately $1.91 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, exceeding analysts’ $2.59 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, or $4.08 annualized, representing a 2.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08, despite the stock trading near $181.22.

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,381 shares of the Wireless communications provider's stock, valued at approximately $1,908,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. JDM Financial Group LLC boosted its holdings in shares of T-Mobile US by 114.0% in the fourth 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 stake in T-Mobile US during the first quarter worth approximately $25,000. Paladin Partners LLC bought a new stake in T-Mobile US during the second quarter worth approximately $25,000. Dunhill Financial LLC acquired a new stake in T-Mobile US in the second quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter worth approximately $29,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.6%

T-Mobile US stock opened at $181.22 on Friday. The firm has a market cap of $194.39 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The firm's 50 day moving average price is $181.54 and its two-hundred day moving average price is $194.06. 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 announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating 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 return on equity of 20.16% and a net margin of 11.45%.The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $1.02 per share. 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 2.3%. T-Mobile US's payout ratio is 42.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp decreased their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research note on Wednesday, May 6th. TD Cowen cut their price objective on T-Mobile US from $261.00 to $260.00 and set a "buy" rating for the company in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of T-Mobile US in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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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