Nwam LLC Grows Position in T-Mobile US, Inc. $TMUS

Nwam LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 45.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,765 shares of the Wireless communications provider’s stock after purchasing an additional 3,036 shares during the period. Nwam LLC’s holdings in T-Mobile US were worth $1,638,000 at the end of the most recent quarter.

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

T-Mobile US Trading Up 1.0%

Shares of TMUS opened at $182.16 on Wednesday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $181.08 and its 200-day moving average price is $192.99. The firm has a market capitalization of $195.40 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.17 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly 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 net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the prior year, the firm earned $2.84 earnings per share. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date of this dividend 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 is currently 42.72%.

Analysts Set New Price Targets

Several research firms recently issued reports on TMUS. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Morgan Stanley lowered their price target 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. Arete Research increased their price objective on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Scotiabank cut their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 15th. Finally, Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. 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. According to data from MarketBeat.com, the stock 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.