Lazard Freres Gestion S.A.S. Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Lazard Freres Gestion S.A.S. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,224 shares of the Wireless communications provider’s stock after selling 27,135 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in T-Mobile US were worth $49,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Bowen Hanes & Co. Inc. raised its position in T-Mobile US by 31.4% in the 4th quarter. Bowen Hanes & Co. Inc. now owns 25,550 shares of the Wireless communications provider’s stock worth $5,640,000 after purchasing an additional 6,100 shares during the period. Achmea Investment Management B.V. grew its holdings in T-Mobile US by 15.3% in the 4th quarter. Achmea Investment Management B.V. now owns 168,520 shares of the Wireless communications provider’s stock worth $37,197,000 after acquiring an additional 22,323 shares during the last quarter. Vestcor Inc grew its holdings in T-Mobile US by 6.7% in the 4th quarter. Vestcor Inc now owns 140,569 shares of the Wireless communications provider’s stock worth $31,028,000 after acquiring an additional 8,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in T-Mobile US by 3.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 165,632 shares of the Wireless communications provider’s stock worth $36,560,000 after acquiring an additional 5,278 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.4 %

Shares of T-Mobile US stock opened at $255.61 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market capitalization of $291.84 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a 50-day simple moving average of $242.14 and a two-hundred day simple moving average of $227.74.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 1.38%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insiders Place Their Bets

In other news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred 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 directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of 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. Oppenheimer lifted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.10.

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.