Landscape Capital Management L.L.C. Buys Shares of 16,112 T-Mobile US, Inc. $TMUS

Landscape Capital Management L.L.C. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 16,112 shares of the Wireless communications provider’s stock, valued at approximately $2,702,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in T-Mobile US during the second quarter valued at approximately $6,625,275,000. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. State Street Corp boosted its holdings in T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Capital International Investors grew its position in shares of T-Mobile US by 8.2% during the 4th 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 in the last quarter. Finally, Invesco Ltd. grew its position in shares of T-Mobile US by 10.5% during the 4th 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 in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent analyst reports. KeyCorp lowered their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada decreased their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Performance

T-Mobile US stock opened at $183.04 on Friday. The firm’s fifty day moving average price is $181.42 and its 200-day moving average price is $193.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a market cap of $196.34 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.25.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during 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 firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

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.