Empowered Funds LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 97,317 shares of the Wireless communications provider’s stock, valued at approximately $16,323,000.
A number of other institutional investors have also recently made changes to their positions in TMUS. United Capital Financial Advisors LLC purchased a new stake in T-Mobile US during the second quarter worth approximately $18,051,000. Dearborn Partners LLC purchased a new position in T-Mobile US in the second quarter valued at approximately $15,765,000. Bank OZK purchased a new position in T-Mobile US in the second quarter valued at approximately $3,455,000. Hamilton Capital LLC acquired a new stake in T-Mobile US during the second quarter worth approximately $381,000. Finally, Old North State Trust LLC acquired a new stake in T-Mobile US during the second quarter worth approximately $1,035,000. Institutional investors and hedge funds own 42.49% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Scotiabank reduced their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley decreased their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. KeyCorp lowered their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.
T-Mobile US Trading Up 2.0%
Shares of T-Mobile US stock opened at $181.37 on Friday. The company has a 50-day moving average of $181.12 and a two-hundred day moving average of $193.35. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66. 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 stock has a market cap of $194.55 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced 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 return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the business posted $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is currently 42.72%.
T-Mobile US 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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