Glenview Trust Co Makes New Investment in T-Mobile US, Inc. $TMUS

Glenview Trust Co purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel reports. The fund purchased 75,074 shares of the Wireless communications provider’s stock, valued at approximately $12,592,000.

Several other hedge funds also recently added to or reduced their stakes in TMUS. JDM Financial Group LLC raised its holdings 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 valued at $25,000 after buying an additional 65 shares during the period. Main Street Group LTD acquired a new position in T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC purchased a new position in T-Mobile US in the 2nd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Swiss RE Ltd. acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $29,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TMUS shares. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays lowered their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Wells Fargo & Company dropped 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. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. Finally, Morgan Stanley decreased their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

TMUS stock opened at $177.75 on Friday. The stock’s 50 day simple moving average is $181.13 and its 200 day simple moving average is $193.43. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66. The firm 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 company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $22.95 billion. During the same period in the previous year, the business posted $2.84 EPS. The company’s quarterly revenue 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders 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 yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is currently 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.