OMERS ADMINISTRATION Corp Purchases Shares of 273,473 T-Mobile US, Inc. $TMUS

OMERS ADMINISTRATION Corp acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, Holdings Channel reports. The fund acquired 273,473 shares of the Wireless communications provider’s stock, valued at approximately $45,870,000.

Several other large investors have also modified their holdings of the stock. Osmosis Investment Management UK Ltd purchased a new position in shares of T-Mobile US in the 2nd quarter valued at $11,275,000. Sanctuary Advisors LLC purchased a new stake in T-Mobile US in the second quarter valued at $13,427,000. Solstein Capital LLC purchased a new stake in T-Mobile US in the second quarter valued at $331,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in T-Mobile US in the second quarter valued at $1,095,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of T-Mobile US during the second quarter worth about $4,106,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $183.04 on Monday. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.25. The company has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The firm has a 50-day simple moving average of $181.42 and a 200-day simple moving average of $193.97. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. 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 dividend payout ratio (DPR) is 42.72%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Monday, July 6th. Wells Fargo & Company decreased their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. UBS Group reduced their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Company 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.