Swiss National Bank Sells 11,700 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Swiss National Bank reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,569,502 shares of the Wireless communications provider's stock after selling 11,700 shares during the quarter. Swiss National Bank owned 0.14% of T-Mobile US worth $323,882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider's stock valued at $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider's stock worth $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Boston Partners boosted its holdings in T-Mobile US by 1.1% during the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider's stock worth $424,025,000 after purchasing an additional 28,045 shares during the last quarter. Finally, TD Asset Management Inc grew its position in T-Mobile US by 5.9% in the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider's stock valued at $404,269,000 after purchasing an additional 128,241 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. UBS Group raised their price target on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. StockNews.com raised T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Finally, Daiwa America raised shares of T-Mobile US to a "hold" rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $241.83.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares of the company's stock, valued at $305,183,874.96. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,924 shares of company stock valued at $97,427,925. Company insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded down $2.14 during midday trading on Friday, reaching $235.61. The company's stock had a trading volume of 3,940,160 shares, compared to its average volume of 4,032,005. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market cap of $273.42 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.20 and a beta of 0.50. The business's 50 day moving average price is $215.88 and its two-hundred day moving average price is $192.83. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the previous year, the firm earned $1.82 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. 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. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US's payout ratio is presently 40.14%.

T-Mobile US Company 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.