Coastal Bridge Advisors LLC Makes New $3.89 Million Investment in T-Mobile US, Inc. $TMUS

Coastal Bridge Advisors LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 23,203 shares of the Wireless communications provider’s stock, valued at approximately $3,892,000.

Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Jefferies Financial Group Inc. bought a new position in shares of T-Mobile US during the second quarter worth about $4,576,000. Public Employees Retirement System of Ohio bought a new stake in T-Mobile US in the 2nd quarter valued at approximately $30,858,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in T-Mobile US in the 2nd quarter valued at approximately $1,390,000. Redwood Investment Management LLC acquired a new position in T-Mobile US during the 2nd quarter worth approximately $1,855,000. Finally, Proficio Capital Partners LLC bought a new position in shares of T-Mobile US during the 2nd quarter worth approximately $738,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on TMUS shares. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Morgan Stanley decreased their price objective on 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 dropped their target price on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $177.75 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The company has a market capitalization 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. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The stock has a 50 day moving average of $181.13 and a 200-day moving average of $193.43.

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, beating 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 business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the prior year, the business earned $2.84 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given 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 2.3%. T-Mobile US’s dividend payout ratio is presently 42.72%.

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.