PCM Encore LLC Purchases Shares of 4,056 T-Mobile US, Inc. $TMUS

PCM Encore LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,056 shares of the Wireless communications provider’s stock, valued at approximately $680,000.

Other large investors have also recently made changes to their positions in the company. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% during the fourth 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 stake in T-Mobile US in the first quarter worth $25,000. Paladin Partners LLC purchased a new stake in T-Mobile US in the second quarter worth $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US in the second quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new stake in 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 Price Performance

Shares of TMUS stock opened at $181.22 on Friday. The business’s fifty day moving average is $181.54 and its 200 day moving average is $194.06. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The stock has a market cap of $194.39 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate 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 business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TMUS. UBS Group reduced their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Benchmark dropped their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Barclays cut their target price on shares of 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. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. 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’s stock. Based on data from MarketBeat, the stock 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.