T-Mobile US, Inc. $TMUS Shares Sold by NS Partners Ltd

NS Partners Ltd lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,454 shares of the Wireless communications provider’s stock after selling 50,397 shares during the quarter. NS Partners Ltd’s holdings in T-Mobile US were worth $22,720,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC bought a new position in T-Mobile US during the second quarter valued at about $375,000. Raymond James Financial Inc. grew its holdings in T-Mobile US by 0.5% during the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP raised its position in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TMUS. Scotiabank cut their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Morgan Stanley decreased their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.44 on Tuesday. The company has a 50-day moving average of $181.13 and a two-hundred day moving average of $193.18. The stock has a market cap of $193.55 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.02 and a beta of 0.33. 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, Inc. has a one year low of $165.66 and a one year high of $258.66.

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

T-Mobile US Announces Dividend

The firm 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. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

About T-Mobile US

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.