Nwam LLC Grows Position in T-Mobile US, Inc. $TMUS

Nwam LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,765 shares of the Wireless communications provider’s stock after acquiring an additional 3,036 shares during the quarter. Nwam LLC’s holdings in T-Mobile US were worth $1,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CYBER HORNET ETFs LLC lifted its position in T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after purchasing an additional 48 shares during the last quarter. Meeder Asset Management Inc. grew its stake in T-Mobile US by 16.2% in the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after buying an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC increased its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after buying an additional 52 shares during the last quarter. Essex Financial Services Inc. increased its holdings in shares of T-Mobile US by 3.5% in the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC raised its position in shares of T-Mobile US by 5.6% during the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Benchmark dropped their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Wells Fargo & Company dropped their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Trading Up 1.0%

Shares of TMUS opened at $182.16 on Wednesday. The firm has a market cap of $195.40 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.17 and a beta of 0.33. 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, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $258.66. The firm has a 50 day moving average price of $181.08 and a 200-day moving average price of $192.99.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 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 analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.84 EPS. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. 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.