394,661 Shares in T-Mobile US, Inc. $TMUS Acquired by Korea Investment CORP

Korea Investment CORP bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 394,661 shares of the Wireless communications provider’s stock, valued at approximately $66,196,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of T-Mobile US in the 2nd quarter worth $6,625,275,000. Price T Rowe Associates Inc. MD lifted its holdings in T-Mobile US by 30.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Capital International Investors boosted its position in T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. boosted its position in T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after purchasing an additional 827,381 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Bank of America raised 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. Benchmark cut their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Finally, Wells Fargo & Company cut their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Performance

TMUS opened at $183.04 on Friday. The company has a 50 day simple moving average of $181.42 and a two-hundred day simple moving average of $193.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $196.34 billion, a P/E ratio of 19.17, a PEG ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.25.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $2.84 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio 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.