UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $683.73 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• UBS Asset Management increased its T-Mobile US stake by 1.1% in the second quarter, bringing its holdings to 4.08 million shares valued at approximately $683.7 million, or 0.38% 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. The company also declared a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.
• Wall Street maintains a “Moderate Buy” consensus on TMUS, with a consensus price target of $252.08, well above the reported share price of $181.37.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,076,380 shares of the Wireless communications provider's stock after acquiring an additional 43,783 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.38% of T-Mobile US worth $683,731,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. JDM Financial Group LLC increased its stake in shares of 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 last quarter. Main Street Group LTD acquired a new position in shares of T-Mobile US during the 1st quarter worth $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in 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 fourth quarter valued at about $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Up 2.0%

TMUS opened at $181.37 on Friday. The company has a fifty day moving average of $181.12 and a 200-day moving average of $193.35. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66. 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 stock has a market cap of $194.55 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

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

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 target price for the company in a report on Monday, July 6th. Arete Research lifted their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Royal Bank Of Canada dropped their price objective on shares of 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. Finally, UBS Group cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Company 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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