Assenagon Asset Management S.A. Sells 912,179 Shares of T-Mobile US, Inc. $TMUS

Assenagon Asset Management S.A. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 767,373 shares of the Wireless communications provider’s stock after selling 912,179 shares during the quarter. Assenagon Asset Management S.A. owned 0.07% of T-Mobile US worth $155,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the period. State Street Corp raised its position in T-Mobile US by 4.7% during the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after purchasing an additional 1,092,769 shares during the last quarter. Capital International Investors raised its position in T-Mobile US by 5.5% during the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after purchasing an additional 711,278 shares during the last quarter. Wellington Management Group LLP lifted its holdings in T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. grew its position in shares of T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after buying an additional 453,096 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $208.76 on Tuesday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The stock’s 50 day moving average is $205.48 and its 200-day moving average is $212.44. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $230.02 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.36 and a beta of 0.42.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s payout ratio is 42.02%.

Insider Buying and Selling at T-Mobile US

In other news, Director G Michael Sievert sold 80,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total value of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares in the company, valued at approximately $16,401,024. The trade was a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent research reports. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, February 19th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Barclays increased their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, Argus lowered their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $257.30.

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.