Sequoia Financial Advisors LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 21.1% in the second quarter, Holdings Channel.com reports. The firm owned 22,454 shares of the Wireless communications provider’s stock after buying an additional 3,916 shares during the period. Sequoia Financial Advisors LLC’s holdings in T-Mobile US were worth $3,766,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of TMUS. Sei Investments Co. lifted its stake in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after buying an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $375,000. Raymond James Financial Inc. grew its stake in T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after buying an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on TMUS shares. Barclays dropped their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. KeyCorp reduced their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada decreased their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Finally, Wells Fargo & Company cut their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.
T-Mobile US Stock Up 2.9%
TMUS opened at $182.33 on Friday. The company has a fifty day moving average price of $181.92 and a 200-day moving average price of $191.22. The firm has a market capitalization of $195.58 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $244.24.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.82 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 28th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 42.72%.
T-Mobile US Company Profile
T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.
The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.
T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.
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