Redwood Investment Management LLC Makes New $1.85 Million Investment in T-Mobile US, Inc. $TMUS

Redwood Investment Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, Holdings Channel.com reports. The firm bought 11,062 shares of the Wireless communications provider’s stock, valued at approximately $1,855,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $6,625,275,000. Price T Rowe Associates Inc. MD lifted its stake in T-Mobile US by 30.6% in the 4th 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 purchasing an additional 6,516,968 shares during the last quarter. State Street Corp boosted its position 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 buying an additional 1,047,624 shares in the last quarter. Capital International Investors grew its stake in shares of T-Mobile US by 8.2% during 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 buying an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of T-Mobile US by 10.5% during the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock worth $1,772,638,000 after buying an additional 827,381 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS opened at $179.61 on Thursday. The business has a 50-day moving average of $181.21 and a 200-day moving average of $193.57. 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 company has a market capitalization of $192.66 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth 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 $258.66.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results 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 business 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 firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The company 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 dividend of $1.02 per share. 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 dividend payout ratio is 42.72%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada dropped their price objective 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. Arete Research boosted their target price 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. TD Cowen decreased their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.08.

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.