Coastal Bridge Advisors LLC Invests $3.89 Million in T-Mobile US, Inc. $TMUS

Coastal Bridge Advisors LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,203 shares of the Wireless communications provider’s stock, valued at approximately $3,892,000.

A number of other large investors have also bought and sold shares of TMUS. Sei Investments Co. increased its stake in shares of T-Mobile US by 6.3% in the second 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 grew its holdings in T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after acquiring an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at about $375,000. Raymond James Financial Inc. increased its position 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 acquiring an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP raised its stake in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Scotiabank dropped their price objective 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. TD Cowen reduced their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a 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 report on Monday, July 20th. Finally, Wall Street Zen raised 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

TMUS opened at $177.75 on Friday. The company has a fifty day moving average price of $181.13 and a two-hundred day moving average price of $193.43. The firm has a market capitalization of $190.67 billion, a PE ratio of 18.61, a P/E/G ratio of 1.01 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

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, 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 company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio 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.