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

Rakuten Investment Management Inc. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel.com reports. The fund purchased 161,601 shares of the Wireless communications provider’s stock, valued at approximately $28,114,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. Sei Investments Co. grew its stake in T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after buying an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC raised its stake in T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in T-Mobile US in the second quarter worth about $375,000. Raymond James Financial Inc. boosted its holdings in T-Mobile US by 0.5% in the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP grew its stake in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. Barclays lowered their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, Scotiabank decreased their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Up 2.0%

Shares of TMUS stock opened at $181.37 on Friday. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $258.66. The firm has a market capitalization of $194.55 billion, a PE ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock’s 50-day simple moving average is $181.12 and its 200-day simple moving average is $193.35.

T-Mobile US (NASDAQ:TMUS) last released 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 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%.The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

About T-Mobile US

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.