Northwestern Mutual Wealth Management Co. Has $9.37 Million Stake in T-Mobile US, Inc. $TMUS

Northwestern Mutual Wealth Management Co. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,833 shares of the Wireless communications provider’s stock after selling 4,530 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in T-Mobile US were worth $9,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in shares of T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC bought a new position in T-Mobile US during the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in T-Mobile US during the second quarter worth $27,000. Swiss RE Ltd. bought a new position in shares of T-Mobile US in the 4th quarter worth about $29,000. Finally, Sachetta LLC increased its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. 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 note on Friday, July 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Monday, July 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Finally, Scotiabank lowered their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $187.30 on Thursday. The company has a 50 day moving average of $181.21 and a 200 day moving average of $192.80. The stock has a market cap of $200.91 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.18 and a beta of 0.34. 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, Inc. has a 12 month low of $165.66 and a 12 month high of $256.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 company had revenue of $22.79 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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 issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.

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.