Groupama Asset Managment Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Groupama Asset Managment lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 279,498 shares of the Wireless communications provider's stock after purchasing an additional 43,226 shares during the period. Groupama Asset Managment's holdings in T-Mobile US were worth $61,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Trexquant Investment LP boosted its position in T-Mobile US by 355.5% during the fourth quarter. Trexquant Investment LP now owns 68,110 shares of the Wireless communications provider's stock valued at $15,034,000 after acquiring an additional 53,156 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $2,025,000. Geode Capital Management LLC grew its position in shares of T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after buying an additional 90,755 shares during the period. Nemes Rush Group LLC boosted its stake in T-Mobile US by 314.5% during the fourth quarter. Nemes Rush Group LLC now owns 970 shares of the Wireless communications provider's stock worth $214,000 after acquiring an additional 736 shares in the last quarter. Finally, StoneX Group Inc. increased its stake in T-Mobile US by 10.0% in the fourth quarter. StoneX Group Inc. now owns 18,533 shares of the Wireless communications provider's stock valued at $4,091,000 after purchasing an additional 1,690 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on TMUS. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Barclays lifted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $256.80.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $19.78 during trading on Friday, hitting $248.11. 7,947,288 shares of the company were exchanged, compared to its average volume of 4,190,685. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The stock has a 50 day moving average of $257.41 and a 200 day moving average of $234.79. 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 company has a market cap of $283.28 billion, a PE ratio of 25.66, a P/E/G ratio of 1.55 and a beta of 0.63.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.42%. T-Mobile US's dividend payout ratio is currently 36.40%.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by insiders.

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.