OMERS ADMINISTRATION Corp Decreases Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in T-Mobile US, Inc. by 12.9%, currently holding 18,948 shares valued at $5.05 million according to its latest SEC filing.
• Wall Street analysts have mixed ratings on T-Mobile, with a consensus rating of "Moderate Buy" and a target price averaging $256.31, reflecting varied outlooks among different research firms.
• T-Mobile US has reported strong financial performance, with a $2.84 EPS for the quarter, exceeding estimates, along with a revenue increase of 6.9% year-over-year.

OMERS ADMINISTRATION Corp decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,948 shares of the Wireless communications provider's stock after selling 2,801 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in T-Mobile US were worth $5,054,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Adirondack Trust Co. lifted its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Royal Bank Of Canada lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,418,410 shares of company stock worth $575,342,737 over the last quarter. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $1.43 during mid-day trading on Monday, reaching $251.99. 3,203,054 shares of the company's stock were exchanged, compared to its average volume of 3,931,088. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49. The stock's 50 day moving average is $240.80 and its 200 day moving average is $247.85. The company has a market cap of $283.59 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

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

T-Mobile US Announces Dividend

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

About T-Mobile US

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.