93,991 Shares in T-Mobile US, Inc. $TMUS Bought by Dearborn Partners LLC

Dearborn Partners LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel reports. The fund acquired 93,991 shares of the Wireless communications provider’s stock, valued at approximately $15,765,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the second quarter valued at about $6,625,275,000. Price T Rowe Associates Inc. MD raised its holdings in T-Mobile US by 30.6% during the fourth 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. State Street Corp raised its holdings in T-Mobile US by 4.3% during the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares in the last quarter. Capital International Investors lifted its position in T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Finally, Invesco Ltd. lifted its position in T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $177.75 on Friday. 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 company has a market capitalization of $190.67 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The firm has a 50-day moving average price of $181.13 and a two-hundred day moving average price of $193.43. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $258.66.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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. 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 net margin of 11.45% and a return on equity of 20.16%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 earnings per share. As a group, research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a yield of 2.3%. T-Mobile US’s dividend payout ratio is presently 42.72%.

Analyst Ratings Changes

Several equities analysts have issued reports on TMUS shares. KeyCorp dropped their target price on 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. Morgan Stanley decreased their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Royal Bank Of Canada dropped their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. UBS Group cut their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.