Quantbot Technologies LP Acquires New Holdings in T-Mobile US, Inc. $TMUS

Quantbot Technologies LP bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,077 shares of the Wireless communications provider’s stock, valued at approximately $8,735,000.

Several other hedge funds also recently bought and sold shares of TMUS. Evolve Private Wealth LLC bought a new position in shares of T-Mobile US during the second quarter worth $634,000. Farringdon Capital Ltd. acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $271,000. W1M Asset Management Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter valued at $272,000. Varma Mutual Pension Insurance Co bought a new stake in shares of T-Mobile US in the 2nd quarter valued at $16,266,000. Finally, Capital CS Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth $392,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a report on Wednesday, April 29th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. TD Cowen decreased their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. KeyCorp lowered their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Up 1.0%

Shares of TMUS stock opened at $183.04 on Friday. The firm’s fifty day moving average price is $181.42 and its two-hundred day moving average price is $193.98. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.25. The firm has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.84 EPS. On average, equities analysts predict 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. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

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.