969,922 Shares in T-Mobile US, Inc. $TMUS Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 969,922 shares of the Wireless communications provider’s stock, valued at approximately $162,685,000. Caisse de depot et placement du Quebec owned 0.09% of T-Mobile US as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in T-Mobile US during the 2nd quarter valued at $6,625,275,000. Price T Rowe Associates Inc. MD boosted its position in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares during the period. State Street Corp increased its holdings in shares of T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after purchasing an additional 1,121,409 shares during the period. Finally, Invesco Ltd. raised its position in shares of T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after purchasing an additional 827,381 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. UBS Group lowered their target price 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. Scotiabank dropped their price target on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Stock Down 1.1%

Shares of TMUS opened at $179.61 on Thursday. The company has a market capitalization of $192.66 billion, a PE ratio of 18.81, a PEG ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $258.66. The stock’s 50-day moving average price is $181.21 and its two-hundred day moving average price is $193.57. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

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 for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter in the prior year, the firm posted $2.84 earnings per share. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is currently 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.