Plato Investment Management Ltd Makes New Investment in T-Mobile US, Inc. $TMUS

Plato Investment Management Ltd bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 35,200 shares of the Wireless communications provider’s stock, valued at approximately $5,870,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Bell Investment Advisors Inc bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $61,000. AMG National Trust Bank purchased a new position in T-Mobile US in the 2nd quarter worth approximately $991,000. Roman Butler Fullerton & Co. bought a new stake in T-Mobile US in the second quarter valued at approximately $476,000. Simplicity Wealth LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $444,000. Finally, Trivium Point Advisory LLC purchased a new position in shares of T-Mobile US in the second quarter worth $3,999,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TMUS shares. 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 price objective for the company in a research note on Monday, July 6th. UBS Group dropped their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. Scotiabank cut 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $182.61 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a 50-day simple moving average of $181.60 and a two-hundred day simple moving average of $194.27. The firm has a market capitalization of $195.88 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share 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 firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the business earned $2.84 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS 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 given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s payout ratio is currently 42.72%.

About T-Mobile US

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.