Banque Pictet & Cie SA Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Banque Pictet & Cie SA purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,290 shares of the Wireless communications provider's stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. SeaCrest Wealth Management LLC acquired a new position in T-Mobile US in the third quarter valued at about $243,000. Good Life Advisors LLC acquired a new stake in shares of T-Mobile US during the third quarter worth about $314,000. Global Retirement Partners LLC raised its position in shares of T-Mobile US by 12.9% during the third quarter. Global Retirement Partners LLC now owns 7,718 shares of the Wireless communications provider's stock worth $1,593,000 after purchasing an additional 884 shares during the period. Bleakley Financial Group LLC raised its position in shares of T-Mobile US by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 9,001 shares of the Wireless communications provider's stock worth $1,858,000 after purchasing an additional 144 shares during the period. Finally, Secure Asset Management LLC raised its position in shares of T-Mobile US by 5.0% during the third quarter. Secure Asset Management LLC now owns 2,270 shares of the Wireless communications provider's stock worth $468,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $0.14 during mid-day trading on Wednesday, hitting $263.35. 3,669,962 shares of the stock were exchanged, compared to its average volume of 3,861,852. The stock has a market capitalization of $300.68 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The firm's 50-day simple moving average is $229.10 and its 200 day simple moving average is $220.05. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TMUS shares. Barclays raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Raymond James lowered T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Scotiabank lifted their target price on T-Mobile US from $234.00 to $247.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their target price on T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $251.79.

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.