BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 28,012 Shares of T-Mobile US, Inc. $TMUS

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,660 shares of the Wireless communications provider’s stock after selling 28,012 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile US were worth $49,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TMUS. Weaver Capital Management LLC boosted its stake in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares in the last quarter. Haven Private LLC lifted its stake in T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the last quarter. Bank of Stockton lifted its stake in T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. boosted its position in T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after buying an additional 45 shares during the period. Finally, Cetera Trust Company N.A grew its stake in shares of T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after buying an additional 45 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TMUS. Wolfe Research lowered their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Morgan Stanley lowered their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday. Scotiabank raised their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Argus decreased their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Tigress Financial increased their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.71.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $195.16 on Friday. The business has a 50 day moving average of $213.74 and a 200 day moving average of $230.71. T-Mobile US, Inc. has a 52 week low of $194.01 and a 52 week high of $276.49. The company has a market cap of $218.29 billion, a PE ratio of 18.77, a P/E/G ratio of 1.25 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business posted $2.61 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is currently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,452 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $240.65, for a total value of $15,510,373.80. Following the completion of the sale, the director directly owned 634,821,326 shares in the company, valued at $152,769,752,101.90. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 1,237,172 shares of company stock valued at $284,993,242 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

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.