Rakuten Investment Management Inc. Acquires New Position in T-Mobile US, Inc. $TMUS

Rakuten Investment Management Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 161,601 shares of the Wireless communications provider’s stock, valued at approximately $28,114,000.

A number of other hedge funds have also added to or reduced their stakes in TMUS. CYBER HORNET ETFs LLC increased its position in shares of T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 48 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of T-Mobile US by 16.2% in the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock valued at $71,000 after purchasing an additional 49 shares during the period. Wellspring Financial Advisors LLC boosted its holdings in shares of T-Mobile US by 4.3% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. grew its stake in T-Mobile US by 3.5% in the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its stake in T-Mobile US by 5.6% in the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 53 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 2.0%

TMUS opened at $181.37 on Friday. The firm has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.00 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The stock has a fifty day moving average price of $181.12 and a 200-day moving average price of $193.35.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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 Dividend Announcement

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

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Morgan Stanley dropped their price target on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. KeyCorp decreased their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Benchmark dropped their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.