Ieq Capital LLC Acquires Shares of 98,892 T-Mobile US, Inc. $TMUS

Ieq Capital LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 98,892 shares of the Wireless communications provider’s stock, valued at approximately $16,587,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in T-Mobile US during the second quarter valued at $6,625,275,000. Norges Bank bought a new stake in T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD lifted its stake in T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in T-Mobile US in the 2nd quarter worth $839,194,000. Finally, Dodge & Cox boosted its holdings in shares of T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after purchasing an additional 2,442,450 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. KeyCorp cut their price objective 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. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. TD Cowen dropped their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $183.04 on Friday. The firm has a fifty day simple moving average of $181.42 and a two-hundred day simple moving average of $193.98. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the company earned $2.84 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 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.