Vise Technologies Inc. Takes $6.72 Million Position in T-Mobile US, Inc. $TMUS

Vise Technologies Inc. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 40,073 shares of the Wireless communications provider’s stock, valued at approximately $6,722,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in T-Mobile US in the second quarter valued at approximately $1,908,000. E Fund Management Co. Ltd. acquired a new stake in T-Mobile US during the second quarter worth approximately $6,645,000. Live Oak Investment Partners purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $1,155,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $2,780,000. Finally, Madison Asset Management LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $6,393,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of 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. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Scotiabank dropped their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. Arete Research lifted their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Barclays reduced their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. One 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $252.08.

Check Out Our Latest Stock Report on T-Mobile US

T-Mobile US Stock Performance

Shares of TMUS stock opened at $181.22 on Friday. The stock has a market capitalization of $194.39 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.25. The stock’s 50-day moving average price is $181.54 and its 200 day moving average price is $194.06. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings data 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 return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period last year, the firm earned $2.84 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio is presently 42.72%.

T-Mobile US Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.