Canada Pension Plan Investment Board Takes $263.11 Million Position in T-Mobile US, Inc. $TMUS

Canada Pension Plan Investment Board acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, HoldingsChannel reports. The firm acquired 1,568,635 shares of the Wireless communications provider’s stock, valued at approximately $263,107,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of T-Mobile US by 14.6% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after buying an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of T-Mobile US by 34.8% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after acquiring an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock worth $20,010,000 after acquiring an additional 14,110 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock worth $62,370,000 after acquiring an additional 72,922 shares during the last quarter. Finally, Liontrust Investment Partners LLP lifted its position in T-Mobile US by 46.0% in the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock valued at $12,056,000 after acquiring an additional 18,075 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 0.6%

TMUS opened at $181.61 on Wednesday. The firm’s 50 day simple moving average is $181.24 and its two-hundred day simple moving average is $193.73. The company has a market capitalization of $194.81 billion, a PE ratio of 19.02, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $258.66. 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 issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 yield of 2.2%. T-Mobile US’s payout ratio is 42.72%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Wells Fargo & Company lowered their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. KeyCorp dropped their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. UBS Group reduced their price objective 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. Finally, Wolfe Research reissued a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.08.

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.