Canada Pension Plan Investment Board Has $1.33 Billion Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Canada Pension Plan Investment Board grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 85.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,025,096 shares of the Wireless communications provider's stock after acquiring an additional 2,777,657 shares during the quarter. T-Mobile US comprises approximately 1.3% of Canada Pension Plan Investment Board's portfolio, making the stock its 15th biggest holding. Canada Pension Plan Investment Board owned approximately 0.53% of T-Mobile US worth $1,329,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth about $1,552,000. Trust Co. of Vermont grew its holdings in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after purchasing an additional 2,865 shares during the period. Rice Partnership LLC acquired a new stake in T-Mobile US during the 4th quarter worth approximately $7,678,000. Finally, Exchange Traded Concepts LLC boosted its position in T-Mobile US by 737.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after purchasing an additional 49,775 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TMUS. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Benchmark reissued a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Barclays lifted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $4.31 during mid-day trading on Tuesday, hitting $257.79. The stock had a trading volume of 1,785,335 shares, compared to its average volume of 4,219,118. T-Mobile US, Inc. has a 52 week low of $160.62 and a 52 week high of $276.49. The stock has a market capitalization of $294.33 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 1.55 and a beta of 0.63. The company has a 50 day simple moving average of $261.50 and a 200-day simple moving average of $239.78. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

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.