Greenwood Capital Associates LLC Buys 3,817 Shares of T-Mobile US, Inc. $TMUS

Greenwood Capital Associates LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,228 shares of the Wireless communications provider’s stock after purchasing an additional 3,817 shares during the quarter. Greenwood Capital Associates LLC’s holdings in T-Mobile US were worth $4,567,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC boosted its holdings in shares of T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 48 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after acquiring an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC lifted its position in T-Mobile US by 4.3% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after acquiring an additional 52 shares during the last quarter. Essex Financial Services Inc. lifted its position in T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after acquiring an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC boosted 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 valued at $239,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. TD Cowen dropped their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Barclays cut their target price on 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. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $181.37 on Friday. The company has a 50 day moving average price of $181.12 and a 200-day moving average price of $193.35. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66. The firm has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.02 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 (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping 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 business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm posted $2.84 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid 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 dividend yield of 2.2%. T-Mobile US’s payout ratio 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.