T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 159,473 shares of the Wireless communications provider's stock after selling 29,648 shares during the quarter. iA Global Asset Management Inc.'s holdings in T-Mobile US were worth $35,200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC bought a new stake in T-Mobile US during the fourth quarter valued at about $1,552,000. Trust Co. of Vermont increased its position in T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after buying an additional 2,865 shares in the last quarter. Swedbank AB raised its stake in shares of T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after buying an additional 12,411 shares during the period. Finally, Rice Partnership LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $7,678,000. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Scotiabank increased their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective on the stock. Sanford C. Bernstein began coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price for the company. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Barclays upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $255.80.

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Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 1.2 %

Shares of TMUS traded up $3.12 during trading hours on Monday, reaching $258.96. 2,896,880 shares of the company traded hands, compared to its average volume of 3,978,758. The stock's fifty day moving average price is $249.10 and its 200 day moving average price is $231.22. 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 market cap of $295.67 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

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.