Man Group plc Invests $277.05 Million in T-Mobile US, Inc. $TMUS

Man Group plc bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,651,753 shares of the Wireless communications provider’s stock, valued at approximately $277,049,000. Man Group plc owned about 0.15% of T-Mobile US at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TMUS. JDM Financial Group LLC increased its holdings in T-Mobile US by 114.0% in 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 during the period. Main Street Group LTD acquired a new position in T-Mobile US during the 1st quarter worth about $25,000. Paladin Partners LLC acquired a new position in T-Mobile US during the 2nd quarter worth about $25,000. Dunhill Financial LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.6%

Shares of TMUS stock opened at $181.61 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $258.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a 50 day simple moving average of $181.24 and a two-hundred day simple moving average of $193.73. The company has a market cap of $194.81 billion, a P/E ratio of 19.02, a PEG ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted 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 firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 EPS. Research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 42.72%.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. Scotiabank lowered their price objective on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. KeyCorp dropped their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

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.