PKO Investment Management Joint Stock Co Acquires Shares of 50,000 T-Mobile US, Inc. $TMUS

PKO Investment Management Joint Stock Co purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,000 shares of the Wireless communications provider’s stock, valued at approximately $11,913,000. T-Mobile US makes up approximately 1.3% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NorthCrest Asset Manangement LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $284,000. Crestwood Advisors Group LLC lifted its holdings in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares in the last quarter. Berkshire Bank lifted its holdings in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in T-Mobile US by 19.9% during the 2nd quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider’s stock worth $450,887,000 after purchasing an additional 315,644 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. TD Cowen dropped their price objective on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a report on Friday. Moffett Nathanson increased their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. upped their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Finally, Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $217.77 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 1.13. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The stock has a market capitalization of $245.08 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The business’s 50 day simple moving average is $239.30 and its two-hundred day simple moving average is $240.66.

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

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 2,389,677 shares of company stock worth $575,795,321 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Profile

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.