Lombard Odier Asset Management Europe Ltd Buys New Shares in T-Mobile US, Inc. $TMUS

Lombard Odier Asset Management Europe Ltd bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel reports. The firm bought 4,205 shares of the Wireless communications provider’s stock, valued at approximately $705,000.

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

T-Mobile US Stock Up 2.0%

Shares of NASDAQ:TMUS opened at $181.37 on Friday. The company has a market capitalization of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. The company’s fifty day moving average is $181.12 and its 200-day moving average is $193.35. 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 52 week low of $165.66 and a 52 week high of $258.66.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share 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. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s payout ratio is presently 42.72%.

Analyst Ratings Changes

Several research analysts recently commented on TMUS shares. TD Cowen reduced their target price 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 dropped their price objective on shares of 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. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Arete Research lifted their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.