Ontario Teachers Pension Plan Board Acquires New Shares in T-Mobile US, Inc. $TMUS

Key Points

• Ontario Teachers’ Pension Plan Board acquired 261,638 T-Mobile US shares worth approximately $43.9 million during the second quarter. Hedge funds and other institutional investors own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, exceeding the $2.59 consensus estimate, while revenue rose 7.9% year over year to $22.79 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $252.08.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.2% yield.

Ontario Teachers Pension Plan Board purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 261,638 shares of the Wireless communications provider's stock, valued at approximately $43,885,000.

Several other hedge funds have also recently made changes to their positions in the stock. First National Bank of Omaha bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $2,392,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in T-Mobile US during the second quarter valued at approximately $51,000. Aljian Capital Management LLC purchased a new stake in T-Mobile US during the second quarter valued at approximately $604,000. Alpine Woods Capital Investors LLC bought a new position in T-Mobile US in the second quarter worth approximately $527,000. Finally, Meeder Advisory Services Inc. purchased a new position in shares of T-Mobile US during the 2nd quarter worth $2,071,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. TD Cowen lowered their target price on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. UBS Group decreased their price objective on T-Mobile US from $255.00 to $235.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Barclays decreased their target price on shares of T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company dropped their price objective on T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. Finally, Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $182.75 on Wednesday. The stock has a 50-day moving average of $181.70 and a two-hundred day moving average of $194.22. The stock has a market cap of $196.03 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.84 EPS. As a group, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

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