Manning & Napier Advisors LLC Makes New $11.23 Million Investment in T-Mobile US, Inc. $TMUS

Manning & Napier Advisors LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 64,551 shares of the Wireless communications provider’s stock, valued at approximately $11,230,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in T-Mobile US in the 2nd quarter valued at about $6,625,275,000. Norges Bank bought a new position in T-Mobile US in the 4th quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD increased its stake in shares of T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $839,194,000. Finally, Dodge & Cox raised its holdings in shares of T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after buying an additional 2,442,450 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $182.62 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The business’s 50-day moving average price is $181.29 and its 200 day moving average price is $193.87. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $258.66. The firm has a market cap of $195.89 billion, a P/E ratio of 19.12, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The company 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 for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 EPS. As a group, sell-side analysts predict 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. Shareholders of record on Friday, August 28th will be given 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 42.72%.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. TD Cowen decreased their price objective on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Wells Fargo & Company decreased their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. UBS Group cut 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 research note on Friday, July 24th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Finally, Barclays lowered their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note 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 given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus 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.