T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,831 shares of the Wireless communications provider's stock after purchasing an additional 60,760 shares during the period. KBC Group NV's holdings in T-Mobile US were worth $36,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new position in T-Mobile US during the fourth quarter valued at approximately $813,000. Blue Trust Inc. lifted its stake in T-Mobile US by 19.5% in the fourth quarter. Blue Trust Inc. now owns 8,370 shares of the Wireless communications provider's stock worth $1,727,000 after acquiring an additional 1,364 shares during the period. Narwhal Capital Management lifted its stake in T-Mobile US by 96.1% in the fourth quarter. Narwhal Capital Management now owns 3,656 shares of the Wireless communications provider's stock worth $807,000 after acquiring an additional 1,792 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in T-Mobile US by 1.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider's stock valued at $735,000 after buying an additional 50 shares during the period. Finally, Park Edge Advisors LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at $699,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.1 %

T-Mobile US stock traded down $0.27 during mid-day trading on Tuesday, hitting $221.16. The company's stock had a trading volume of 3,968,326 shares, compared to its average volume of 3,727,957. The company has a 50 day moving average of $226.61 and a 200-day moving average of $212.37. The stock has a market cap of $256.66 billion, a PE ratio of 25.22, a P/E/G ratio of 1.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $248.15.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio (DPR) is presently 40.14%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. KeyCorp downgraded T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. Oppenheimer lifted their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a "hold" rating in a report on Friday, October 25th. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Tigress Financial boosted their price target on T-Mobile US from $235.00 to $280.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $245.74.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares of the company's stock, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is currently owned by company 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.