Amundi Sells 334,649 Shares of T-Mobile US, Inc. $TMUS

Amundi lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,842,276 shares of the Wireless communications provider’s stock after selling 334,649 shares during the quarter. Amundi owned 0.25% of T-Mobile US worth $674,813,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in T-Mobile US in the second quarter valued at about $1,477,780,000. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter worth about $618,248,000. Marshall Wace LLP boosted its stake in shares of T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after purchasing an additional 1,160,275 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Price Performance

Shares of TMUS opened at $208.01 on Friday. The business has a 50-day moving average of $217.89 and a 200-day moving average of $232.46. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market capitalization of $232.66 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.44. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm posted $2.61 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 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, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the sale, the director owned 635,014,604 shares of the company’s stock, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,439,821 shares of company stock worth $334,026,480 over the last ninety days. 0.37% of the stock is owned by company 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.