Dearborn Partners LLC Purchases Shares of 93,991 T-Mobile US, Inc. $TMUS

Dearborn Partners LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 93,991 shares of the Wireless communications provider’s stock, valued at approximately $15,765,000.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Main Street Group LTD acquired a new position in T-Mobile US in the first quarter valued at approximately $25,000. JDM Financial Group LLC lifted 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 worth $25,000 after buying an additional 65 shares during the last quarter. Swiss RE Ltd. purchased a new stake in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. boosted its holdings in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.0%

Shares of NASDAQ:TMUS opened at $177.75 on Friday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66. 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 stock has a market cap of $190.67 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.01 and a beta of 0.33. The firm has a fifty day moving average price of $181.13 and a 200 day moving average price of $193.43.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the company earned $2.84 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The business 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 $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TMUS shares. Wells Fargo & Company cut 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 note on Friday, July 24th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.