Financiere des Professionnels Fonds d investissement inc. trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,814 shares of the Wireless communications provider's stock after selling 7,321 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in T-Mobile US were worth $5,477,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. International Assets Investment Management LLC raised its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock valued at $51,586,000 after buying an additional 248,828 shares during the period. Gladstone Institutional Advisory LLC purchased a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $1,552,000. Trust Co. of Vermont raised its position 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 valued at $5,954,000 after buying an additional 2,865 shares during the period. Finally, Swedbank AB raised its position in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock valued at $52,631,000 after buying an additional 12,411 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on TMUS shares. 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. UBS Group boosted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price on the stock. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $251.79.
Read Our Latest Analysis on TMUS
T-Mobile US Stock Up 0.8 %
Shares of TMUS stock traded up $2.05 during trading hours on Thursday, reaching $265.40. 2,794,675 shares of the stock were exchanged, compared to its average volume of 3,833,108. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $271.41. The business's fifty day moving average is $229.68 and its two-hundred day moving average is $220.35. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm has a market capitalization of $303.02 billion, a P/E ratio of 27.45, a P/E/G ratio of 1.53 and a beta of 0.56.
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 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%. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US's payout ratio is currently 36.40%.
Insider Activity
In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by insiders.
About T-Mobile US
(
Free Report)
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.
Further Reading
Before you consider T-Mobile US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.
While T-Mobile US currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
