Quantbot Technologies LP Takes Position in T-Mobile US, Inc. $TMUS

Key Points

• Quantbot Technologies LP bought 52,077 shares of T-Mobile US during the second quarter, valued at approximately $8.7 million. Other institutional investors, including Viking Global Investors, also increased their holdings; institutions and hedge funds own 42.49% of the stock.
• Analysts maintain a generally positive outlook, with 21 Buy and one Strong Buy rating compared with eight Holds. The consensus rating is “Moderate Buy,” with a target price of $252.08, despite recent target reductions by UBS and Morgan Stanley.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company declared a quarterly dividend of $1.02 per share, equivalent to a 2.2% yield.

Quantbot Technologies LP bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 52,077 shares of the Wireless communications provider's stock, valued at approximately $8,735,000.

Several other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its stake in T-Mobile US by 6.3% in the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider's stock valued at $33,972,000 after acquiring an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC lifted 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 during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $375,000. Raymond James Financial Inc. boosted its holdings in T-Mobile US by 0.5% in the second 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 in the last quarter. Finally, Viking Global Investors LP boosted its holdings in T-Mobile US by 81.7% in the second 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 in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group decreased their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Morgan Stanley cut their price objective on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. The Goldman Sachs Group reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Weiss Ratings cut shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. Finally, DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Trading Up 1.0%

Shares of TMUS stock opened at $183.04 on Friday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25. The firm has a 50-day moving average price of $181.42 and a 200 day moving average price of $193.98. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33.

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 (EPS) for the quarter, beating 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 business 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 business posted $2.84 earnings per share. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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

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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