OVERSEA CHINESE BANKING Corp Ltd Invests $1.91 Million in T-Mobile US, Inc. $TMUS

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,381 shares of the Wireless communications provider’s stock, valued at approximately $1,908,000.

Several other hedge funds have also made changes to their positions in TMUS. E Fund Management Co. Ltd. acquired a new position in T-Mobile US in the 2nd quarter worth approximately $6,645,000. Live Oak Investment Partners acquired a new stake in T-Mobile US during the 2nd quarter valued at $1,155,000. Edmond DE Rothschild Holding S.A. acquired a new stake in T-Mobile US during the 2nd quarter valued at $2,780,000. Madison Asset Management LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $6,393,000. Finally, Csenge Advisory Group purchased a new stake in shares of T-Mobile US in the second quarter valued at $884,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Monday, July 6th. Weiss Ratings lowered T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. UBS Group lowered their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Scotiabank lowered their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $181.22 on Friday. 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 $261.25. The business’s 50-day moving average price is $181.54 and its two-hundred day moving average price is $194.06. The company has a market capitalization of $194.39 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $2.84 EPS. Analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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

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.