NewEdge Advisors LLC Has $14.39 Million Stock Position in T-Mobile US, Inc. $TMUS

NewEdge Advisors LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 85,790 shares of the Wireless communications provider’s stock after purchasing an additional 3,056 shares during the period. NewEdge Advisors LLC’s holdings in T-Mobile US were worth $14,390,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TMUS. Sei Investments Co. raised its stake 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 acquiring an additional 8,491 shares in the last quarter. Diversify Advisory Services LLC boosted its stake 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 valued at $1,147,000 after purchasing an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $375,000. Raymond James Financial Inc. increased its position in T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after purchasing an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP increased its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 2.9%

Shares of NASDAQ TMUS opened at $182.33 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. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $244.24. The firm has a 50 day moving average price of $181.92 and a two-hundred day moving average price of $191.22. The stock has a market cap of $195.58 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.34.

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 analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.82 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Friday, August 28th were given 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 was Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Analyst Ratings Changes

A number of brokerages have weighed in on TMUS. Barclays cut 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 report on Friday, July 24th. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada cut their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Finally, KeyCorp reduced their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.