LaSalle St. Investment Advisors LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,267 shares of the Wireless communications provider’s stock, valued at approximately $548,000.
Other institutional investors also recently made changes to their positions in the company. Main Street Group LTD acquired a new position in shares of T-Mobile US in the 1st quarter valued at about $25,000. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $29,000. Paladin Partners LLC bought a new stake in T-Mobile US in the second quarter worth approximately $25,000. Finally, Turning Point Benefit Group Inc. increased its stake in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on TMUS shares. Barclays reduced their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Wells Fargo & Company decreased their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. UBS Group lowered 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 note on Friday, July 24th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Arete Research boosted their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.
T-Mobile US Stock Down 0.6%
Shares of TMUS opened at $181.22 on Friday. The business’s fifty day moving average price is $181.54 and its two-hundred day moving average price is $194.06. The firm has a market capitalization of $194.39 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $2.84 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share 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. Stockholders of record on Friday, August 28th will be given a dividend of $1.02 per share. 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%.
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.
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