Old North State Trust LLC Invests $1.03 Million in T-Mobile US, Inc. $TMUS

Old North State Trust LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,172 shares of the Wireless communications provider’s stock, valued at approximately $1,035,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Equitable Holdings Inc. acquired a new position in shares of T-Mobile US during the second quarter worth $2,320,000. Centaurus Financial Inc. acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $986,000. Coastal Bridge Advisors LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $3,892,000. Jefferies Financial Group Inc. acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $4,576,000. Finally, Public Employees Retirement System of Ohio bought a new stake in T-Mobile US during the 2nd quarter worth $30,858,000. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMUS shares. Scotiabank dropped their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Morgan Stanley lowered their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada dropped their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $177.75 on Friday. The business’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 one year low of $165.66 and a one year high of $258.66. The stock has a market capitalization of $190.67 billion, a PE ratio of 18.61, a PEG ratio of 1.01 and a beta of 0.33. 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 released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.84 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company 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 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 2.3%. T-Mobile US’s dividend payout ratio is 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.