13,832 Shares in T-Mobile US, Inc. $TMUS Purchased by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,832 shares of the Wireless communications provider’s stock, valued at approximately $2,320,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. JDM Financial Group LLC boosted its position in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Main Street Group LTD bought a new stake in T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC bought a new stake in T-Mobile US during the 2nd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. purchased a new stake in T-Mobile US in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $181.37 on Friday. The firm has a 50 day simple moving average of $181.12 and a two-hundred day simple moving average of $193.35. The stock has a market cap of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

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 for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the company posted $2.84 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company 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. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Ratings Changes

TMUS has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Arete Research lifted their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Morgan Stanley reduced their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Barclays decreased their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. One investment 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 company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

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.