Castlefield Investment Partners LLP purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,540 shares of the Wireless communications provider’s stock, valued at approximately $4,116,000. T-Mobile US makes up about 2.8% of Castlefield Investment Partners LLP’s portfolio, making the stock its 15th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of T-Mobile US by 14.6% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after purchasing an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its position in T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after purchasing an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans grew its position in T-Mobile US by 16.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after purchasing an additional 14,110 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after buying an additional 72,922 shares during the period. Finally, Entropy Technologies LP increased its stake in T-Mobile US by 105.9% in the 4th quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock valued at $7,333,000 after buying an additional 18,573 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.
T-Mobile US Price Performance
T-Mobile US stock opened at $183.04 on Monday. 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, Inc. has a 1-year low of $165.66 and a 1-year high of $261.25. The firm’s fifty day simple moving average is $181.42 and its 200-day simple moving average is $193.97. The company has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33.
T-Mobile US Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid 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 is Friday, August 28th. T-Mobile US’s dividend payout ratio is 42.72%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Scotiabank decreased their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Morgan Stanley lowered their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $252.08.
Get Our Latest Research Report on TMUS
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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