Greenland Capital Management LP Buys New Position in T-Mobile US, Inc. $TMUS

Greenland Capital Management LP purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,086 shares of the Wireless communications provider’s stock, valued at approximately $2,698,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Main Street Group LTD bought a new stake in shares of T-Mobile US during the 1st quarter valued at about $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in shares of T-Mobile US during the second quarter valued at about $27,000. Finally, Swiss RE Ltd. purchased a new position in shares of T-Mobile US during the fourth quarter valued at about $29,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Wells Fargo & Company decreased 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 report on Friday, July 24th. Arete Research raised their target price on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Price Performance

TMUS stock opened at $183.04 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a 50 day moving average price of $181.42 and a 200-day moving average price of $193.98. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.25. The firm has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted 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 company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

About T-Mobile US

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.