Live Oak Investment Partners Invests $1.16 Million in T-Mobile US, Inc. $TMUS

Live Oak Investment Partners purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,887 shares of the Wireless communications provider’s stock, valued at approximately $1,155,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after acquiring an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC raised 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 in the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at about $375,000. Raymond James Financial Inc. lifted its position in shares of T-Mobile US by 0.5% during 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 during the last quarter. Finally, Viking Global Investors LP lifted its position in shares of T-Mobile US by 81.7% during 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 during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

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T-Mobile US Stock Down 0.2%

TMUS stock opened at $182.36 on Thursday. The stock has a market cap of $195.61 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The firm’s 50-day simple moving average is $181.63 and its 200 day simple moving average is $194.17. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its 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 net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the business posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TMUS shares. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Monday, July 6th. 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. TD Cowen lowered their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

Read Our Latest Analysis on TMUS

T-Mobile US Company Profile

(Free Report)

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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