Dearborn Partners LLC Invests $22.82 Million in T-Mobile US, Inc. $TMUS

Dearborn Partners LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, HoldingsChannel.com reports. The fund purchased 108,648 shares of the Wireless communications provider’s stock, valued at approximately $22,819,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ grew its holdings in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after purchasing an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services raised its holdings in T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock worth $12,593,000 after purchasing an additional 15,495 shares during the period. Thrivent Financial for Lutherans raised its holdings in T-Mobile US by 16.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after purchasing an additional 14,110 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of T-Mobile US by 32.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock worth $62,370,000 after purchasing an additional 72,922 shares in the last quarter. Finally, Entropy Technologies LP boosted its position in shares of T-Mobile US by 105.9% during the fourth quarter. Entropy Technologies LP now owns 36,117 shares of the Wireless communications provider’s stock worth $7,333,000 after purchasing an additional 18,573 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMUS. Morgan Stanley lowered their price objective on shares of 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. TD Cowen reduced their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Benchmark decreased their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Finally, Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given 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 Stock Performance

TMUS opened at $182.62 on Tuesday. The business’s 50-day moving average price is $181.29 and its two-hundred day moving average price is $193.87. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The company has a market capitalization of $195.89 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 1.03 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s payout ratio is presently 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.