iA Global Asset Management Inc. Purchases 32,278 Shares of T-Mobile US, Inc. $TMUS

iA Global Asset Management Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,726 shares of the Wireless communications provider’s stock after buying an additional 32,278 shares during the quarter. iA Global Asset Management Inc.’s holdings in T-Mobile US were worth $40,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after acquiring an additional 215,711 shares during the period. State Street Corp raised its stake in shares of T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Franklin Resources Inc. raised its stake in shares of T-Mobile US by 5.2% during the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after purchasing an additional 309,922 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. grew its position in T-Mobile US by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock valued at $793,848,000 after buying an additional 36,424 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $185.39 on Friday. The firm’s 50 day moving average is $200.66 and its 200 day moving average is $222.85. The stock has a market capitalization of $207.36 billion, a P/E ratio of 17.83, a PEG ratio of 1.01 and a beta of 0.45. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the firm posted $2.61 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed 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 dividend yield of 2.2%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the sale, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,764 shares of company stock worth $37,483,463 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. The Goldman Sachs Group decreased their price target on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Wolfe Research lowered their price target on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Finally, Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.76.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.