Lazard Freres Gestion S.A.S. Has $52.28 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Lazard Freres Gestion S.A.S. lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 253,359 shares of the Wireless communications provider’s stock after selling 21,900 shares during the period. T-Mobile US comprises about 1.1% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 29th biggest holding. Lazard Freres Gestion S.A.S.’s holdings in T-Mobile US were worth $52,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its position 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 valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Legal & General Group Plc boosted its position in 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 valued at $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares during the period. Boston Partners raised its position in shares of T-Mobile US by 1.1% in the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after acquiring an additional 28,045 shares in the last quarter. Finally, TD Asset Management Inc raised its position in shares of T-Mobile US by 5.9% in the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock worth $404,269,000 after acquiring an additional 128,241 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $1.92 on Tuesday, reaching $241.86. The stock had a trading volume of 162,316 shares, compared to its average volume of 4,389,972. The business’s 50 day moving average is $220.26 and its two-hundred day moving average is $195.92. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market cap of $280.68 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.83.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. T-Mobile US’s dividend payout ratio is presently 29.65%.

Analysts Set New Price Targets

Several brokerages have issued reports on TMUS. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Benchmark upped their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,750 shares of company stock valued at $72,863,634 over the last 90 days. 0.67% of the stock is owned by insiders.

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.