Portfolio Design Labs LLC Invests $1.67 Million in T-Mobile US, Inc. $TMUS

Key Points

• Portfolio Design Labs LLC purchased 9,948 T-Mobile US shares worth approximately $1.67 million during the second quarter, while institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion, slightly below analyst expectations.
• The company declared a quarterly dividend of $1.02 per share, equivalent to a $4.08 annualized payout and a 2.3% yield; analysts maintain a consensus “Moderate Buy” rating with an average price target of $252.08.

Portfolio Design Labs LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,948 shares of the Wireless communications provider's stock, valued at approximately $1,669,000.

A number of other institutional investors have also recently bought and sold shares of the business. SGL Investment Advisors Inc. acquired a new stake in T-Mobile US during the second quarter worth approximately $366,000. Advisors Capital Management LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $27,176,000. MJP Associates Inc. ADV acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $410,000. PCM Encore LLC bought a new position in T-Mobile US in the second quarter valued at approximately $680,000. Finally, Vise Technologies Inc. acquired a new position in T-Mobile US during the second quarter valued at approximately $6,722,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $181.22 on Friday. The business has a 50 day moving average of $181.54 and a 200-day moving average of $194.06. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year 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 company has a market capitalization of $194.39 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the business earned $2.84 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm 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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wolfe Research reaffirmed a "peer perform" rating on shares of T-Mobile US in a report on Friday, August 14th. Scotiabank lowered their price target on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a report on Wednesday, July 15th. Benchmark dropped their price objective on T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada reduced their price objective on 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. Finally, Barclays decreased their target price on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. One research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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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