33,203 Shares in T-Mobile US, Inc. $TMUS Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,203 shares of the Wireless communications provider’s stock, valued at approximately $5,569,000.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $6,625,275,000. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $1,335,918,000. Price T Rowe Associates Inc. MD boosted its position in shares of T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. Bank of New York Mellon Corp acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $839,194,000. Finally, Dodge & Cox increased its holdings in T-Mobile US by 65.2% in the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after purchasing an additional 2,442,450 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $183.04 on Friday. The business’s 50-day moving average is $181.42 and its two-hundred day moving average is $193.98. 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 firm has a market capitalization of $196.34 billion, a P/E ratio of 19.17, a P/E/G 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 $261.25.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the previous year, the company posted $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s payout ratio is currently 42.72%.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft cut their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Scotiabank decreased their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. TD Cowen lowered their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Morgan Stanley dropped their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.