T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,073 shares of the Wireless communications provider’s stock after selling 319 shares during the quarter. Pictet Asset Management Holding SA’s holdings in T-Mobile US were worth $54,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Wellington Management Group LLP grew its holdings in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $1,802,393,000. Franklin Resources Inc. grew its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. increased its position in T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after purchasing an additional 85,012 shares during the last quarter. Finally, Barclays PLC raised its stake in 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 during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TMUS shares. Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Oppenheimer increased their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Trading Down 1.2 %

Shares of NASDAQ TMUS opened at $264.93 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average price is $252.92 and its two-hundred day moving average price is $232.89. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The stock has a market capitalization of $302.48 billion, a P/E ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

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.