Redwood Investment Management LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Redwood Investment Management acquired 11,062 shares of T-Mobile US during the second quarter, valued at approximately $1.86 million. Institutional investors own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion. The company declared a quarterly dividend of $1.02 per share, yielding about 2.3% annually.
• Analysts maintain a generally positive outlook, with T-Mobile receiving a consensus “Moderate Buy” rating and an average price target of $252.08, well above its reported share price of $179.61.

Redwood Investment Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,062 shares of the Wireless communications provider's stock, valued at approximately $1,855,000.

Several other large investors also recently modified their holdings of the stock. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of T-Mobile US in the second quarter valued at about $27,000. Finally, Swiss RE Ltd. acquired a new stake in T-Mobile US in the 4th quarter worth about $29,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $179.61 on Thursday. The firm has a 50 day moving average of $181.21 and a 200-day moving average of $193.57. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $192.66 billion, a PE ratio of 18.81, a PEG ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TMUS. Oppenheimer upgraded shares of T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. TD Cowen reduced their price target on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on T-Mobile US from $300.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Finally, DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source