T-Mobile US, Inc. (NASDAQ:TMUS) is Exane Asset Management’s 9th Largest Position

Exane Asset Management lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,877 shares of the Wireless communications provider’s stock after selling 9,708 shares during the period. T-Mobile US comprises approximately 4.8% of Exane Asset Management’s investment portfolio, making the stock its 9th biggest position. Exane Asset Management’s holdings in T-Mobile US were worth $8,657,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TMUS. FMR LLC raised its position in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares during the period. 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 worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% during the 3rd 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 during the last quarter. Franklin Resources Inc. lifted its stake in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in T-Mobile US by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after buying an additional 397,345 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $246.24 on Friday. The stock has a market cap of $285.76 billion, a PE ratio of 25.46, a P/E/G ratio of 1.38 and a beta of 0.56. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $250.50. The stock has a fifty day simple moving average of $225.97 and a 200-day simple moving average of $214.95. 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 (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities analysts anticipate that T-Mobile US, Inc. will post 10.18 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,100 shares of the firm’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 value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,100 shares of company stock worth $5,501,978 over the last ninety days. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMUS. Citigroup increased their target price on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley assumed coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Tigress Financial lifted their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein started coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $251.79.

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.