OMERS ADMINISTRATION Corp Raises Stake in T-Mobile US, Inc. $TMUS

OMERS ADMINISTRATION Corp boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% in the 1st quarter, HoldingsChannel reports. The fund owned 839,791 shares of the Wireless communications provider’s stock after acquiring an additional 5,223 shares during the period. T-Mobile US accounts for about 1.1% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 19th biggest holding. OMERS ADMINISTRATION Corp’s holdings in T-Mobile US were worth $176,381,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD grew its stake in shares of T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. Dodge & Cox raised its stake in T-Mobile US by 65.2% in the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after buying an additional 2,442,450 shares in the last quarter. Viking Global Investors LP raised its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Finally, Amundi lifted its holdings in T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after buying an additional 1,266,808 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Andre Almeida purchased 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $180.09 on Friday. The company has a fifty day moving average of $184.53 and a two-hundred day moving average of $195.66. The company has a market capitalization of $194.89 billion, a PE ratio of 18.86, a P/E/G ratio of 1.06 and a beta of 0.33. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping 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 previous year, the firm earned $2.84 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TMUS shares. Deutsche Bank Aktiengesellschaft lowered their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price on the stock in a research report on Wednesday, April 8th. Scotiabank decreased 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 note on Wednesday, July 15th. KeyCorp lowered their price target on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday. Finally, Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $252.88.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

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.