Greenland Capital Management LP Buys New Shares in T-Mobile US, Inc. $TMUS

Greenland Capital Management LP purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,086 shares of the Wireless communications provider’s stock, valued at approximately $2,698,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% during the 4th 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 last quarter. Main Street Group LTD purchased a new position in shares of T-Mobile US during the 1st quarter valued at about $25,000. Paladin Partners LLC bought a new stake in T-Mobile US in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US in the 4th quarter worth approximately $29,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.0%

Shares of T-Mobile US stock opened at $183.04 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.25. The company’s 50 day moving average price is $181.42 and its 200-day moving average price is $193.98. The stock has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced 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. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the firm earned $2.84 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on TMUS. Wells Fargo & Company reduced their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Friday, July 24th. Morgan Stanley lowered their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. KeyCorp cut their price objective on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Arete Research increased their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. One research 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. Based on data from MarketBeat, the company 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.