Caisse DE Depot ET Placement DU Quebec Raises Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• The Caisse DE Depot ET Placement DU Quebec increased its stake in T-Mobile US by 34.6%, acquiring an additional 10,747 shares during the first quarter, bringing its total ownership to 41,829 shares valued at approximately $11.16 million.
• Analysts rate T-Mobile US as a whole with a consensus of "Moderate Buy" and an average price target of $256.31, while some have raised targets and upgraded ratings recently amidst positive earnings reports.
• T-Mobile US declared a quarterly dividend of $0.88 per share, with the ex-dividend date set for August 29, providing an annualized dividend yield of 1.4%.

Caisse DE Depot ET Placement DU Quebec increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,829 shares of the Wireless communications provider's stock after acquiring an additional 10,747 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in T-Mobile US were worth $11,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after purchasing an additional 3,043,173 shares during the last quarter. Nuveen LLC bought a new stake in T-Mobile US during the 1st quarter valued at $618,248,000. Deutsche Bank AG increased its holdings in shares of T-Mobile US by 38.8% in the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in T-Mobile US by 2,421.3% in the first quarter. 1832 Asset Management L.P. now owns 608,357 shares of the Wireless communications provider's stock valued at $162,255,000 after acquiring an additional 584,228 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the transaction, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. The trade was a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $251.23, for a total transaction of $17,545,903.20. Following the completion of the sale, the director directly owned 635,503,484 shares in the company, valued at approximately $159,657,540,285.32. This represents a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,418,410 shares of company stock worth $575,342,737. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS stock traded up $1.43 during midday trading on Monday, hitting $251.99. 3,203,054 shares of the stock traded hands, compared to its average volume of 3,931,088. The firm has a market cap of $283.59 billion, a P/E ratio of 23.77, a PEG ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock's fifty day simple moving average is $240.80 and its 200-day simple moving average is $247.85. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TMUS shares. Royal Bank Of Canada increased 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 report on Friday, July 25th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. KeyCorp reiterated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Company 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.