13,832 Shares in T-Mobile US, Inc. $TMUS Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 13,832 shares of the Wireless communications provider’s stock, valued at approximately $2,320,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after acquiring an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after purchasing an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at $375,000. Raymond James Financial Inc. grew its holdings in shares of T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after purchasing an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP raised its position in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Benchmark lowered their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, July 24th. KeyCorp decreased their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Morgan Stanley decreased their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. One investment 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’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Trading Up 2.0%

NASDAQ:TMUS opened at $181.37 on Friday. The company has a fifty day moving average of $181.12 and a 200 day moving average of $193.35. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $194.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $2.84 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 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.