Canada Pension Plan Investment Board Sells 49,480 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Canada Pension Plan Investment Board reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,106,901 shares of the Wireless communications provider’s stock after selling 49,480 shares during the quarter. Canada Pension Plan Investment Board owned 0.27% of T-Mobile US worth $547,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Aveo Capital Partners LLC lifted its holdings in T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after acquiring an additional 137 shares during the period. Thoroughbred Financial Services LLC bought a new position in T-Mobile US in the fourth quarter valued at about $207,000. D.A. Davidson & CO. lifted its holdings in T-Mobile US by 15.4% in the fourth quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock valued at $5,285,000 after acquiring an additional 4,407 shares during the period. Corient Private Wealth LLC lifted its holdings in T-Mobile US by 2.9% in the fourth quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock valued at $23,457,000 after acquiring an additional 4,184 shares during the period. Finally, Assetmark Inc. lifted its holdings in T-Mobile US by 32.0% in the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after acquiring an additional 7,000 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares of the company’s stock, valued at approximately $117,922,079,927.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock worth $130,909,198 in the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TMUS shares. TD Cowen increased their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp raised their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their price objective on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus target price of $210.25.

T-Mobile US Trading Up 1.5 %

Shares of NASDAQ TMUS opened at $199.64 on Friday. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $206.30. The business has a fifty day simple moving average of $191.90 and a two-hundred day simple moving average of $176.21. The firm has a market cap of $233.95 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. Analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

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.