Public Employees Retirement System of Ohio Takes $30.86 Million Position in T-Mobile US, Inc. $TMUS

Public Employees Retirement System of Ohio bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 183,973 shares of the Wireless communications provider’s stock, valued at approximately $30,858,000.

Several other large investors have also recently modified their holdings of the business. JDM Financial Group LLC raised its holdings in 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 period. Main Street Group LTD bought a new position in T-Mobile US in the 1st quarter worth about $25,000. Paladin Partners LLC purchased a new stake in T-Mobile US in the second quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 2.0%

TMUS opened at $181.37 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market capitalization of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.00 and a beta of 0.33. The business has a 50 day simple moving average of $181.12 and a two-hundred day simple moving average of $193.35. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $258.66.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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. The company had revenue of $22.79 billion during 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 firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. 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 dividend payout ratio (DPR) is 42.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMUS shares. Morgan Stanley decreased their price target on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Monday, July 6th. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Benchmark reduced their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Arete Research boosted their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently 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.