Canada Pension Plan Investment Board Invests $263.11 Million in T-Mobile US, Inc. $TMUS

Key Points

• Canada Pension Plan Investment Board acquired 1,568,635 shares of T-Mobile US in the second quarter, valued at approximately $263.1 million and representing about 0.15% of the company.
• T-Mobile US reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue increased 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, yielding approximately 2.2% annually.
• Analysts maintain a “Moderate Buy” consensus on TMUS, with an average price target of $252.08, despite several firms recently lowering their targets.

Canada Pension Plan Investment Board acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,568,635 shares of the Wireless communications provider's stock, valued at approximately $263,107,000. Canada Pension Plan Investment Board owned approximately 0.15% of T-Mobile US at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. JDM Financial Group LLC lifted its position in shares of 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 worth $25,000 after buying an additional 65 shares during the last quarter. Main Street Group LTD bought a new stake in T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC bought a new stake in shares of T-Mobile US in the second quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US in the second quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new position in T-Mobile US during the 4th quarter worth approximately $29,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $181.61 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The stock has a fifty day moving average of $181.24 and a 200 day moving average of $193.73. The firm has a market capitalization of $194.81 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $258.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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 net margin of 11.45% and a return on equity of 20.16%. 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 previous year, the company earned $2.84 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio (DPR) is 42.72%.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. Scotiabank lowered their price objective on T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating for the company in a research report on Wednesday, July 15th. Benchmark reduced their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a report on Friday, July 24th. Wells Fargo & Company decreased their price target on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a report on Friday, July 24th. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. Finally, DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One equities research 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. Based on data from MarketBeat.com, the stock 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.

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