Ontario Teachers Pension Plan Board Purchases New Stake in T-Mobile US, Inc. $TMUS

Ontario Teachers Pension Plan Board acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 261,638 shares of the Wireless communications provider’s stock, valued at approximately $43,885,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. JDM Financial Group LLC boosted 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 valued at $25,000 after acquiring an additional 65 shares during the last quarter. Main Street Group LTD acquired a new stake in T-Mobile US during the first quarter worth about $25,000. Paladin Partners LLC purchased a new position in T-Mobile US during the second quarter worth about $25,000. Dunhill Financial LLC purchased a new position in T-Mobile US during the second quarter worth about $27,000. Finally, Swiss RE Ltd. acquired a new position in T-Mobile US in the 4th quarter valued at about $29,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $182.75 on Wednesday. The firm has a 50 day moving average of $181.70 and a two-hundred day moving average of $194.22. The stock has a market capitalization of $196.03 billion, a PE ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal 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 paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. Deutsche Bank Aktiengesellschaft cut their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Royal Bank Of Canada cut their target price on 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. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research note on Wednesday, April 29th. Finally, UBS Group lowered their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.