Canada Pension Plan Investment Board Buys 864,030 Shares of T-Mobile US, Inc. $TMUS

Key Points

• The Canada Pension Plan Investment Board increased its stake in T-Mobile US by 14.3%, owning approximately 6.89 million shares, making it the company's 7th largest holding.
• T-Mobile US reported a quarterly EPS of $2.84, exceeding expectations, with a revenue of $21.13 billion for the quarter.
• The company announced a quarterly dividend of $0.88 per share, set to be paid on September 11th, representing an annualized yield of 1.4%.

Canada Pension Plan Investment Board lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,889,126 shares of the Wireless communications provider's stock after acquiring an additional 864,030 shares during the quarter. T-Mobile US makes up about 1.8% of Canada Pension Plan Investment Board's holdings, making the stock its 7th biggest holding. Canada Pension Plan Investment Board owned 0.61% of T-Mobile US worth $1,837,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC lifted its holdings in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after purchasing an additional 37 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after acquiring an additional 40 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 41 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock worth $480,000 after acquiring an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC grew its stake in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. KeyCorp reiterated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Stock Up 0.6%

NASDAQ:TMUS traded up $1.43 during trading hours on Monday, reaching $251.99. The company's stock had a trading volume of 3,203,054 shares, compared to its average volume of 3,931,088. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The business's 50-day moving average is $240.80 and its 200-day moving average is $247.85. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. 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 released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 EPS. The firm's revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the transaction, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 2,500 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the transaction, the insider directly owned 158,703 shares of the company's stock, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,418,410 shares of company stock valued at $575,342,737. Company insiders own 0.37% of the company's stock.

T-Mobile US Company Profile

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.