KBC Group NV Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

KBC Group NV decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,071 shares of the Wireless communications provider's stock after selling 3,937 shares during the period. KBC Group NV's holdings in T-Mobile US were worth $21,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC boosted its holdings in T-Mobile US by 5.5% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,454 shares of the Wireless communications provider's stock valued at $727,000 after acquiring an additional 234 shares during the period. Orion Portfolio Solutions LLC increased its stake in T-Mobile US by 1.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 21,079 shares of the Wireless communications provider's stock worth $3,441,000 after buying an additional 334 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in T-Mobile US by 24.9% during the 1st quarter. Tocqueville Asset Management L.P. now owns 1,692 shares of the Wireless communications provider's stock valued at $276,000 after buying an additional 337 shares in the last quarter. Vanguard Group Inc. grew its stake in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider's stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in T-Mobile US by 213.2% in the first quarter. Edgestream Partners L.P. now owns 19,151 shares of the Wireless communications provider's stock worth $3,126,000 after purchasing an additional 13,037 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US 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 in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 464,924 shares of company stock worth $97,427,925. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $2.14 during trading on Friday, hitting $235.61. The company had a trading volume of 3,940,160 shares, compared to its average volume of 4,440,809. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $215.88 and a two-hundred day simple moving average of $192.44. The firm has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. T-Mobile US's dividend payout ratio (DPR) is currently 29.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMUS shares. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America boosted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup raised their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research note on Monday, October 21st. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Finally, Barclays lifted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $241.83.

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.