Board of the Pension Protection Fund Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• The Pension Protection Fund has invested approximately $1.2 million in T-Mobile US by purchasing 5,100 shares in the second quarter.
• Insider transactions included a significant sale of 64,426 shares by a board director, which amounted to over $14.5 million at an average share price of $226.17.
• Analysts predict continued growth for T-Mobile US, with most recent price targets ranging between $265 and $300, indicating a consensus rating of "Moderate Buy."

Board of the Pension Protection Fund bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,100 shares of the Wireless communications provider's stock, valued at approximately $1,215,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Nuveen LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $618,248,000. Assenagon Asset Management S.A. lifted its holdings in T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock worth $329,733,000 after buying an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, Amundi lifted its holdings in T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock worth $851,066,000 after buying an additional 813,331 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director directly owned 628,039,751 shares of the company's stock, valued at approximately $142,043,750,483.67. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 2,499,001 shares of company stock valued at $602,845,239. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Raymond James Financial raised shares of T-Mobile US to a "hold" rating in a research report on Wednesday, October 1st. Wolfe Research dropped their target price on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Tuesday, September 30th. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $265.13.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a market cap of $257.48 billion, a PE ratio of 21.58, a P/E/G ratio of 1.56 and a beta of 0.59. The firm has a 50-day simple moving average of $243.36 and a 200 day simple moving average of $242.89.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US's payout ratio is currently 33.21%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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