Dearborn Partners LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 108,648 shares of the Wireless communications provider’s stock, valued at approximately $22,819,000.
Several other hedge funds have also recently bought and sold shares of TMUS. 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 worth $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD bought a new position in T-Mobile US during the 1st quarter valued at about $25,000. Paladin Partners LLC acquired a new position in T-Mobile US in the second quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US during the second quarter worth about $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US during the fourth quarter worth about $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TMUS has been the subject of a number of research analyst reports. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Morgan Stanley decreased their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company dropped their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Barclays cut their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.
T-Mobile US Trading Down 0.2%
Shares of NASDAQ TMUS opened at $182.62 on Tuesday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66. The company has a 50-day moving average of $181.29 and a two-hundred day moving average of $193.87. The company has a market cap of $195.89 billion, a PE ratio of 19.12, a P/E/G ratio of 1.03 and a beta of 0.33. 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 issued its quarterly earnings results 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 business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the business posted $2.84 earnings per share. T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. 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 (DPR) is 42.72%.
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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