Healthcare of Ontario Pension Plan Trust Fund Reduces Stock Holdings in T-Mobile US, Inc. $TMUS

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,735 shares of the Wireless communications provider’s stock after selling 62,809 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in T-Mobile US were worth $66,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. lifted its position in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC lifted its holdings in T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new stake in T-Mobile US in the second quarter worth about $375,000. Raymond James Financial Inc. raised its position in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP raised its position in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile beat second-quarter profit expectations, with adjusted EPS of $2.99, helped by strong service revenue and customers moving to higher-priced premium plans.
• Positive Sentiment: The company raised its full-year free cash flow outlook, which is a key bullish signal for investors because it supports dividends, buybacks, and financial flexibility.
• Positive Sentiment: T-Mobile continued its share repurchase program, including a multibillion-dollar buyback tranche, reinforcing management’s confidence in cash generation.
• Positive Sentiment: Several analysts remain constructive even after trimming price targets, with multiple firms still rating the stock Buy or Overweight.

T-Mobile US Stock Performance

T-Mobile US stock opened at $180.09 on Friday. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $194.89 billion, a P/E ratio of 18.86, a PEG ratio of 1.06 and a beta of 0.33. The stock’s 50 day moving average is $184.53 and its 200 day moving average is $195.66.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s payout ratio is 42.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TMUS. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Arete Research upped their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.88.

About T-Mobile US

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.