Jupiter Topco LLC Purchases Shares of 403,805 T-Mobile US, Inc. $TMUS

Jupiter Topco LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 403,805 shares of the Wireless communications provider’s stock, valued at approximately $67,724,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. Main Street Group LTD bought a new position in shares of T-Mobile US in the first quarter valued at approximately $25,000. JDM Financial Group LLC grew 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 worth $25,000 after buying an additional 65 shares in the last quarter. Swiss RE Ltd. purchased a new stake in T-Mobile US in the 4th quarter valued at $29,000. Paladin Partners LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. lifted its stake in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Arete Research lifted their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Down 1.0%

Shares of NASDAQ:TMUS opened at $177.75 on Friday. The company has a market capitalization of $190.67 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.01 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. The business has a fifty day moving average price of $181.13 and a two-hundred day moving average price of $193.43. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating 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 firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the company earned $2.84 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s payout ratio is 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.