Korea Investment CORP Acquires Shares of 394,661 T-Mobile US, Inc. $TMUS

Korea Investment CORP bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel.com reports. The fund bought 394,661 shares of the Wireless communications provider’s stock, valued at approximately $66,196,000.

Several other institutional investors also recently bought and sold shares of TMUS. JDM Financial Group LLC increased its holdings in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD purchased a new position in T-Mobile US during the 1st quarter valued at approximately $25,000. Paladin Partners LLC bought a new stake in T-Mobile US in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.0%

NASDAQ:TMUS opened at $183.04 on Friday. The company has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. 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 has a fifty day simple moving average of $181.42 and a 200-day simple moving average of $193.98.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping the consensus estimate 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 company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the firm posted $2.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The business 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 42.72%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TMUS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. Morgan Stanley reduced their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Barclays decreased their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

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.