Greenwood Capital Associates LLC Grows Holdings in T-Mobile US, Inc. $TMUS

Greenwood Capital Associates LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,228 shares of the Wireless communications provider’s stock after purchasing an additional 3,817 shares during the period. Greenwood Capital Associates LLC’s holdings in T-Mobile US were worth $4,567,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC lifted its stake in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of T-Mobile US in the first quarter valued at $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new position in T-Mobile US during the 2nd quarter worth about $27,000. Finally, Swiss RE Ltd. purchased a new position in T-Mobile US during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 2.0%

TMUS opened at $181.37 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The business’s 50 day moving average is $181.12 and its two-hundred day moving average is $193.35. The firm has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during 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 company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank Of Canada lowered 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 research note on Monday, July 20th. KeyCorp dropped their price target 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. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Arete Research boosted their price objective on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, UBS Group dropped their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.