Talon Private Wealth LLC Buys 3,917 Shares of T-Mobile US, Inc. $TMUS

Talon Private Wealth LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,563 shares of the Wireless communications provider’s stock after purchasing an additional 3,917 shares during the quarter. Talon Private Wealth LLC’s holdings in T-Mobile US were worth $2,107,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Sei Investments Co. lifted its holdings in T-Mobile US by 6.3% in the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after buying an additional 8,491 shares during the period. Diversify Advisory Services LLC boosted its position in T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after acquiring an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $375,000. Raymond James Financial Inc. grew its holdings in T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP raised its position in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.9%

Shares of TMUS traded up $5.17 during trading hours on Friday, hitting $182.33. The stock had a trading volume of 3,674,979 shares, compared to its average volume of 5,591,293. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $244.24. The firm has a market capitalization of $195.58 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.14 and a beta of 0.34. The firm has a 50 day simple moving average of $181.82 and a 200-day simple moving average of $191.28. 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 (NASDAQ:TMUS) last posted its quarterly 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. The business had revenue of $22.79 billion for 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 firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.84 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 28th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. Royal Bank Of Canada dropped their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. KeyCorp lowered their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. Finally, Benchmark cut their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $252.08.

About T-Mobile US

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.