Exane Asset Management Has $8.66 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Exane Asset Management reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,877 shares of the Wireless communications provider’s stock after selling 9,708 shares during the period. T-Mobile US accounts for 4.8% of Exane Asset Management’s holdings, making the stock its 9th biggest holding. Exane Asset Management’s holdings in T-Mobile US were worth $8,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its stake in T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after purchasing an additional 602,786 shares in the last quarter. FMR LLC lifted its holdings in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the period. Franklin Resources Inc. grew its position in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after buying an additional 47,350 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 23,100 shares of company stock valued at $5,501,978. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Tigress Financial lifted their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley assumed coverage on T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Finally, Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Seven investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Trading Down 0.4 %

NASDAQ TMUS opened at $246.24 on Friday. The stock has a market cap of $285.76 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.38 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $250.50. The company has a fifty day simple moving average of $225.97 and a two-hundred day simple moving average of $214.95.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 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%. On average, analysts forecast that T-Mobile US, Inc. will post 10.18 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

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.