Ilmarinen Mutual Pension Insurance Co Purchases 27,100 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its T-Mobile US stake by 27.3% in the fourth quarter, buying 27,100 more shares and bringing its total to 126,460 shares worth about $25.7 million.
• T-Mobile recently beat earnings expectations, reporting $2.27 EPS versus $2.01 expected and revenue of $23.11 billion, with revenue up 10.6% year over year.
• Analysts remain broadly positive on TMUS, with a consensus rating of Moderate Buy and a consensus price target of $260.48, even as the stock traded down 0.9% and insiders made recent sales.

Ilmarinen Mutual Pension Insurance Co grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,460 shares of the Wireless communications provider's stock after buying an additional 27,100 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in T-Mobile US were worth $25,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of T-Mobile US by 4.1% during the 4th quarter. Moors & Cabot Inc. now owns 3,502 shares of the Wireless communications provider's stock worth $711,000 after purchasing an additional 138 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of T-Mobile US by 4.1% during the 4th quarter. Intech Investment Management LLC now owns 40,662 shares of the Wireless communications provider's stock worth $8,256,000 after purchasing an additional 1,584 shares during the last quarter. Constant Guidance Financial LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,208,000. Millington Financial Advisors LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,991,000. Finally, Collaborative Wealth Managment Inc. purchased a new stake in shares of T-Mobile US during the 4th quarter worth approximately $262,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America's Best Network to the USGA
• Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
• Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
• Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock

Analyst Ratings Changes

Several brokerages have recently issued reports on TMUS. Wells Fargo & Company raised their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Wall Street Zen upgraded shares of T-Mobile US from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. DZ Bank reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Daiwa Securities Group upgraded shares of T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $255.00 price objective on shares of T-Mobile US in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.48.

T-Mobile US Stock Down 0.9%

T-Mobile US stock opened at $189.01 on Friday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56. The firm has a market capitalization of $204.55 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.11 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a 50 day simple moving average of $196.71 and a 200 day simple moving average of $201.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.58 EPS. On average, analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US's payout ratio is 43.40%.

Insider Activity

In other news, Director Srikant M. Datar sold 3,291 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jon Freier sold 4,799 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares of the company's stock, valued at $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 13,090 shares of company stock valued at $2,618,500 over the last 90 days. Company insiders own 0.37% of the company's stock.

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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