NS Partners Ltd Has $22.72 Million Stock Holdings in T-Mobile US, Inc. $TMUS

NS Partners Ltd lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,454 shares of the Wireless communications provider’s stock after selling 50,397 shares during the period. NS Partners Ltd’s holdings in T-Mobile US were worth $22,720,000 as of its most recent SEC filing.

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

T-Mobile US Trading Down 0.5%

Shares of T-Mobile US stock opened at $180.44 on Tuesday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The company’s fifty day simple moving average is $181.13 and its 200-day simple moving average is $193.18. The company has a market cap of $193.55 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.02 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

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 the consensus estimate of $2.59 by $0.40. The company 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 business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the business posted $2.84 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

Several brokerages have recently commented on TMUS. Benchmark dropped their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. KeyCorp lowered their price target 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. Finally, Arete Research lifted their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently 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.