T-Mobile US, Inc. $TMUS Shares Bought by Moore Capital Management LP

Moore Capital Management LP lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 868.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,481 shares of the Wireless communications provider’s stock after acquiring an additional 25,541 shares during the quarter. Moore Capital Management LP’s holdings in T-Mobile US were worth $4,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of T-Mobile US during the second quarter worth $6,625,275,000. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD increased 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 acquired a new stake in T-Mobile US during the 2nd quarter worth about $839,194,000. Finally, Bank of America Corp DE acquired a new stake in T-Mobile US during the 2nd quarter worth about $758,977,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.5%

Shares of T-Mobile US stock opened at $180.44 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $193.55 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.02 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 stock has a 50-day simple moving average of $181.13 and a 200-day simple moving average of $193.18.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS 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 analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.84 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. UBS Group reduced their price target on shares of 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. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Benchmark cut their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.