Exane Asset Management Has $8.66 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Exane Asset Management trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,877 shares of the Wireless communications provider's stock after selling 9,708 shares during the quarter. T-Mobile US accounts for about 4.8% of Exane Asset Management's portfolio, making the stock its 9th largest position. Exane Asset Management's holdings in T-Mobile US were worth $8,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC grew its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares during the last quarter. MFA Wealth Advisors LLC increased its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 77 shares during the period. Financial Life Planners bought a new position in shares of T-Mobile US during the fourth quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US in the third quarter worth approximately $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares of the company's stock, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 23,100 shares of company stock worth $5,501,978 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on T-Mobile US from $220.00 to $235.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $251.79.

T-Mobile US Stock Down 0.4 %

Shares of TMUS traded down $0.93 on Friday, reaching $246.24. The company's stock had a trading volume of 3,434,435 shares, compared to its average volume of 3,682,888. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $250.50. The stock has a market capitalization of $281.14 billion, a PE ratio of 25.46, a PEG ratio of 1.44 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average of $225.96 and a 200-day moving average of $215.70.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is 36.40%.

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.