Banque Pictet & Cie SA Takes $10.19 Million Position in T-Mobile US, Inc. $TMUS

Banque Pictet & Cie SA acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 50,188 shares of the Wireless communications provider’s stock, valued at approximately $10,190,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Howard Hughes Medical Institute purchased a new stake in T-Mobile US in the second quarter valued at about $25,000. United Community Bank boosted its holdings in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US during the second quarter worth about $31,000. Finally, Kilter Group LLC acquired a new position in shares of T-Mobile US during the second quarter valued at about $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TMUS. Argus decreased their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $257.26.

T-Mobile US Trading Down 2.8%

T-Mobile US stock opened at $204.25 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The company has a market capitalization of $225.05 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.43. The stock has a 50-day moving average price of $208.70 and a 200 day moving average price of $211.03.

T-Mobile US Dividend Announcement

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

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the transaction, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This trade represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 694,134 shares of company stock worth $150,847,799. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

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.