Sumitomo Life Insurance Co. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 56,924 shares of the Wireless communications provider’s stock, valued at approximately $9,548,000.
Several other large investors have also recently bought and sold shares of TMUS. Main Street Group LTD bought a new position in shares of T-Mobile US during the first quarter worth $25,000. JDM Financial Group LLC grew its holdings 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 buying an additional 65 shares during the period. Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the 4th quarter valued at $29,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. raised its stake in 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 buying an additional 153 shares during the period. Institutional investors own 42.49% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. UBS Group lowered their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. Royal Bank Of Canada dropped their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. Finally, Wells Fargo & Company decreased their price objective 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. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.
T-Mobile US Trading Up 1.0%
TMUS opened at $183.04 on Friday. The stock has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.25. The firm’s fifty day simple moving average is $181.42 and its 200 day simple moving average is $193.98. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping 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 prior year, the business earned $2.84 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.
T-Mobile US Dividend Announcement
The company 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. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio 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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