Jefferies Financial Group Inc. Acquires New Position in T-Mobile US, Inc. $TMUS

Jefferies Financial Group Inc. purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,283 shares of the Wireless communications provider’s stock, valued at approximately $4,576,000.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TMUS shares. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Arete Research raised their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Price Performance

T-Mobile US stock opened at $181.37 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The company’s fifty day moving average price is $181.12 and its 200 day moving average price is $193.35. The stock has a market capitalization of $194.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm 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 business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is currently 42.72%.

T-Mobile US Company 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.