California State Teachers Retirement System Acquires 126,168,750 Shares of T-Mobile US, Inc. $TMUS

Key Points

• California State Teachers Retirement System increased its T-Mobile US stake by 126.17 million shares, bringing its total holdings to 126.95 million shares, or about 11.84% of the company, valued at approximately $21.3 billion.
• Analysts maintain a favorable 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 exceeded quarterly earnings expectations with EPS of $2.99 versus $2.59 forecast, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, equivalent to a 2.2% annual yield.

California State Teachers Retirement System lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16,067.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,953,998 shares of the Wireless communications provider's stock after purchasing an additional 126,168,750 shares during the quarter. California State Teachers Retirement System owned about 11.84% of T-Mobile US worth $21,293,994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the second quarter worth $6,625,275,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 valued at $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. State Street Corp raised its position in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock worth $5,133,198,000 after purchasing an additional 1,047,624 shares during the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock worth $3,014,754,000 after purchasing an additional 1,121,409 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock worth $1,772,638,000 after purchasing an additional 827,381 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMUS. Wolfe Research reissued a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. Scotiabank decreased their target price on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a report on Wednesday, July 15th. Morgan Stanley dropped their target price on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a report on Monday, July 20th. Finally, Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $181.52 on Tuesday. 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 company has a market cap of $194.71 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.17 and a beta of 0.34. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $255.74. The firm has a fifty day moving average price of $181.47 and a 200-day moving average price of $192.04.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 earnings per share. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.82 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 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. T-Mobile US's payout ratio is 42.72%.

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.

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