Cibc World Market Inc. Purchases New Stake in T-Mobile US, Inc. $TMUS

Cibc World Market Inc. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel reports. The fund acquired 285,550 shares of the Wireless communications provider’s stock, valued at approximately $47,895,000.

Other hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC increased its position in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Main Street Group LTD bought a new position in shares of T-Mobile US during the first quarter worth about $25,000. Paladin Partners LLC acquired a new position in T-Mobile US in the second quarter worth about $25,000. Dunhill Financial LLC bought a new stake in T-Mobile US in the second quarter valued at about $27,000. Finally, Swiss RE Ltd. bought a new stake in T-Mobile US in the fourth quarter valued at about $29,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $183.04 on Monday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25. The company has a market cap 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 company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $181.42 and its 200 day simple moving average is $193.97.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same period in the prior year, the business earned $2.84 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s payout ratio is 42.72%.

Analyst Ratings Changes

Several research analysts have recently commented on TMUS shares. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Barclays decreased their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Scotiabank lowered their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

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.