Thornburg Investment Management Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

Thornburg Investment Management Inc. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 489.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,149 shares of the Wireless communications provider’s stock after acquiring an additional 13,410 shares during the quarter. Thornburg Investment Management Inc.’s holdings in T-Mobile US were worth $2,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of T-Mobile US in the first quarter worth $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US in the second quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the 4th quarter valued at $29,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. KeyCorp dropped their target price on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. UBS Group decreased their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Scotiabank lowered their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley cut their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company decreased their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $181.37 on Friday. 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, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The stock’s 50 day simple moving average is $181.12 and its two-hundred day simple moving average is $193.35. The company has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.

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.