Board of the Pension Protection Fund Makes New Investment in T-Mobile US, Inc. $TMUS

Board of the Pension Protection Fund purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, HoldingsChannel reports. The firm purchased 5,100 shares of the Wireless communications provider’s stock, valued at approximately $1,215,000.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in T-Mobile US by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock valued at $3,054,000 after purchasing an additional 1,059 shares during the period. Focus Financial Network Inc. bought a new stake in T-Mobile US in the 1st quarter valued at $262,000. Relyea Zuckerberg Hanson LLC boosted its holdings in T-Mobile US by 7.2% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 1,378 shares of the Wireless communications provider’s stock valued at $368,000 after purchasing an additional 92 shares during the period. Everhart Financial Group Inc. boosted its holdings in T-Mobile US by 5.9% in the 1st quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider’s stock valued at $377,000 after purchasing an additional 79 shares during the period. Finally, West Branch Capital LLC boosted its holdings in T-Mobile US by 27.2% in the 1st quarter. West Branch Capital LLC now owns 7,293 shares of the Wireless communications provider’s stock valued at $1,945,000 after purchasing an additional 1,559 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,499,001 shares of company stock valued at $602,845,239 in the last ninety days. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TMUS has been the subject of a number of research reports. Scotiabank increased their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Morgan Stanley boosted their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Finally, Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $265.13.

T-Mobile US Stock Up 1.1%

Shares of NASDAQ:TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company has a 50 day moving average of $243.36 and a 200-day moving average of $242.89. 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 stock has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.56 and a beta of 0.59.

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

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. 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.