Primecap Management Co. CA bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 437,090 shares of the Wireless communications provider’s stock, valued at approximately $73,313,000.
Other large investors also recently modified their holdings of the company. Main Street Group LTD purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $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 worth $25,000 after acquiring an additional 65 shares during the period. Swiss RE Ltd. bought a new stake in T-Mobile US in the fourth quarter valued at $29,000. Paladin Partners LLC purchased a new position in T-Mobile US during the 2nd quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. increased its position 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 valued at $32,000 after purchasing an additional 153 shares during the period. 42.49% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. TD Cowen dropped their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. UBS Group reduced their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Barclays decreased their price target 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. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.08.
T-Mobile US Stock Performance
Shares of T-Mobile US stock opened at $179.61 on Thursday. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The firm has a market capitalization of $192.66 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.02 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. The business has a fifty day simple moving average of $181.21 and a two-hundred day simple moving average of $193.57.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released 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. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio 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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