Man Group plc Buys New Holdings in T-Mobile US, Inc. $TMUS

Man Group plc purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel reports. The firm purchased 1,651,753 shares of the Wireless communications provider’s stock, valued at approximately $277,049,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $583,000. PMV Capital Advisers LLC bought a new position in shares of T-Mobile US in the 2nd quarter worth $43,000. Jupiter Topco LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at $67,724,000. III Capital Management bought a new stake in T-Mobile US during the 2nd quarter valued at $3,788,000. Finally, EFG International AG bought a new stake in T-Mobile US during the 2nd quarter valued at $52,000. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Royal Bank Of Canada dropped their price target 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. Finally, Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $181.61 on Wednesday. The company has a fifty day moving average price of $181.24 and a 200-day moving average price of $193.73. The firm has a market cap of $194.81 billion, a price-to-earnings ratio of 19.02, a PEG 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, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $22.95 billion. During the same period last year, the firm earned $2.84 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict 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 given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 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.