Portfolio Design Labs LLC Buys New Position in T-Mobile US, Inc. $TMUS

Portfolio Design Labs LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel.com reports. The fund acquired 9,948 shares of the Wireless communications provider’s stock, valued at approximately $1,669,000.

Several other large investors have also added to or reduced their stakes in the business. SGL Investment Advisors Inc. acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $366,000. Advisors Capital Management LLC acquired a new stake in T-Mobile US in the second quarter valued at approximately $27,176,000. MJP Associates Inc. ADV acquired a new stake in T-Mobile US in the second quarter valued at approximately $410,000. PCM Encore LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $680,000. Finally, Vise Technologies Inc. bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $6,722,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $181.22 on Friday. 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 stock’s fifty day simple moving average is $181.54 and its two-hundred day simple moving average is $194.06. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.25. The stock has a market cap of $194.39 billion, a PE 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 earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.84 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. KeyCorp cut their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Scotiabank decreased 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 research note on Wednesday, July 15th. Benchmark lowered their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. UBS Group lowered 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 report on Friday, July 24th. Finally, TD Cowen dropped their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. One 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $252.08.

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.