273,473 Shares in T-Mobile US, Inc. $TMUS Acquired by OMERS ADMINISTRATION Corp

Key Points

• OMERS Administration Corp. acquired 273,473 shares of T-Mobile US during the second quarter, valued at approximately $45.9 million. Institutional investors and hedge funds collectively own 42.49% of the company.
• Analysts maintain a broadly positive outlook, with one Strong Buy, 21 Buy, and eight Hold ratings. T-Mobile has a consensus rating of “Moderate Buy” and an average price target of $252.08.
• T-Mobile reported quarterly EPS of $2.99, exceeding the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.2% annualized yield.

OMERS ADMINISTRATION Corp acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 273,473 shares of the Wireless communications provider's stock, valued at approximately $45,870,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of T-Mobile US in the second quarter valued at about $6,625,275,000. Norges Bank purchased a new position in shares of T-Mobile US in the fourth quarter worth about $1,335,918,000. Price T Rowe Associates Inc. MD boosted its position in 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 acquiring an additional 6,516,968 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in T-Mobile US during the second quarter worth about $839,194,000. Finally, Dodge & Cox grew its stake in T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Barclays dropped their price target on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Bank of America raised T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a report on Monday, July 6th. 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, TD Cowen lowered their price objective on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $183.04 on Monday. The stock has a market cap of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. 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, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. The stock has a fifty day simple moving average of $181.42 and a 200-day simple moving average of $193.97.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter last year, the firm earned $2.84 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US's dividend payout ratio (DPR) is currently 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.

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