Wealthfront Advisers LLC Purchases Shares of 82,493 T-Mobile US, Inc. $TMUS

Key Points

• Wealthfront Advisers bought 82,493 shares of T-Mobile US in the second quarter, worth approximately $13.8 million. Institutional investors and hedge funds collectively own 42.49% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.08, despite several recent target reductions.
• T-Mobile reported quarterly EPS of $2.99, beating expectations of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also announced a quarterly dividend of $1.02 per share, representing a 2.2% yield.

Wealthfront Advisers LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 82,493 shares of the Wireless communications provider's stock, valued at approximately $13,837,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC lifted its stake in shares of T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock valued at $316,000 after purchasing an additional 48 shares in the last quarter. Meeder Asset Management Inc. increased its position in T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock worth $71,000 after purchasing an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC increased its position in T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock worth $259,000 after purchasing an additional 52 shares in the last quarter. Essex Financial Services Inc. raised its holdings in T-Mobile US by 3.5% in the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock valued at $326,000 after buying an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC raised its holdings in T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock valued at $239,000 after buying an additional 53 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TMUS shares. Royal Bank Of Canada decreased 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. Deutsche Bank Aktiengesellschaft lowered their price target on T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, April 30th. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research report on Friday, July 24th. Arete Research raised their target price on T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Finally, Barclays reduced their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $182.75 on Wednesday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. 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 firm has a market capitalization of $196.03 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33. The company's fifty day moving average price is $181.70 and its two-hundred day moving average price is $194.22.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share 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 company had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is 42.72%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares of the company's stock, valued at $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

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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