Northwestern Mutual Wealth Management Co. Decreases Stock Position in T-Mobile US, Inc. $TMUS

Northwestern Mutual Wealth Management Co. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,833 shares of the Wireless communications provider’s stock after selling 4,530 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in T-Mobile US were worth $9,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Main Street Group LTD bought a new position in T-Mobile US during the 1st quarter valued at approximately $25,000. Paladin Partners LLC purchased a new position in T-Mobile US during the second quarter valued at $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US during the second quarter worth about $27,000. Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Finally, Sachetta LLC boosted its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TMUS. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Weiss Ratings downgraded T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Benchmark reduced their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, Barclays decreased their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. 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. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Up 2.8%

Shares of NASDAQ TMUS opened at $187.30 on Thursday. The stock has a market capitalization of $200.91 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 1.18 and a beta of 0.34. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $256.69. The firm’s 50-day moving average price is $181.21 and its 200-day moving average price is $192.80. 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 (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.84 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 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.