Cibc World Market Inc. Invests $47.90 Million in T-Mobile US, Inc. $TMUS

Cibc World Market Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 285,550 shares of the Wireless communications provider’s stock, valued at approximately $47,895,000.

A number of other institutional investors have also modified their holdings of TMUS. BlackRock Inc. purchased a new stake in T-Mobile US during the second quarter worth approximately $6,625,275,000. Norges Bank purchased a new position in shares of T-Mobile US in the 4th quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD raised its stake in shares of T-Mobile US by 30.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $839,194,000. Finally, Dodge & Cox lifted its holdings in shares of T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent research reports. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Arete Research upped their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Finally, Scotiabank dropped their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Price Performance

TMUS opened at $183.04 on Monday. The company has a fifty day simple moving average of $181.42 and a 200 day simple moving average of $193.97. The firm has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

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. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.84 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 42.72%.

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.