Matters Capital LLC Takes $1.20 Million Position in T-Mobile US, Inc. $TMUS

Matters Capital LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,131 shares of the Wireless communications provider’s stock, valued at approximately $1,196,000. T-Mobile US makes up 0.8% of Matters Capital LLC’s portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of Nova Scotia bought a new position in shares of T-Mobile US in the second quarter worth $49,659,000. Compass Financial Management LLC bought a new stake in shares of T-Mobile US during the second quarter valued at about $37,000. Elevation Point Wealth Partners LLC bought a new stake in shares of T-Mobile US during the second quarter valued at about $3,732,000. Greenland Capital Management LP acquired a new stake in T-Mobile US in the second quarter worth about $2,698,000. Finally, Alta Advisers Ltd acquired a new stake in T-Mobile US in the second quarter worth about $319,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 1.0%

Shares of T-Mobile US stock opened at $183.04 on Friday. The business has a fifty day simple moving average of $181.42 and a 200-day simple moving average of $193.98. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.25. The firm has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the company earned $2.84 earnings per share. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Analyst Ratings Changes

TMUS has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Morgan Stanley reduced their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average 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.