Public Sector Pension Investment Board Has $146.60 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Public Sector Pension Investment Board lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 38.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 710,387 shares of the Wireless communications provider’s stock after purchasing an additional 198,900 shares during the quarter. T-Mobile US accounts for 0.8% of Public Sector Pension Investment Board’s investment portfolio, making the stock its 23rd largest holding. Public Sector Pension Investment Board owned 0.06% of T-Mobile US worth $146,595,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares in the last quarter. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at $27,000. Finally, Summit Securities Group LLC purchased a new position in T-Mobile US during the 2nd quarter worth $27,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock valued at $72,863,634 in the last three months. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TMUS shares. Royal Bank of Canada raised their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Oppenheimer raised their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Trading Up 0.5 %

NASDAQ:TMUS opened at $246.20 on Thursday. The company has a market cap of $285.71 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock’s fifty day moving average price is $222.09 and its two-hundred day moving average price is $196.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the company earned $1.82 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 29.65%.

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.