Candriam S.C.A. Sells 42,000 Shares of T-Mobile US, Inc. $TMUS

Candriam S.C.A. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,166 shares of the Wireless communications provider’s stock after selling 42,000 shares during the period. Candriam S.C.A.’s holdings in T-Mobile US were worth $18,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after buying an additional 810 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in T-Mobile US by 4.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after acquiring an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after purchasing an additional 14,800 shares during the period. Associated Banc Corp raised its holdings in shares of T-Mobile US by 50.6% in the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after purchasing an additional 8,700 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of T-Mobile US by 6.7% during the third quarter. Citizens Financial Group Inc. RI now owns 61,675 shares of the Wireless communications provider’s stock valued at $14,764,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.1%

T-Mobile US stock opened at $197.66 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The company has a market cap of $221.08 billion, a PE ratio of 19.01, a PEG ratio of 1.09 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The business’s 50-day simple moving average is $196.72 and its two-hundred day simple moving average is $219.48.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the sale, the director directly owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares in the company, valued at $33,725,789.73. The trade was a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 51,457 shares of company stock worth $11,149,636. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TMUS shares. Wolfe Research reduced their price objective on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Williams Trading set a $263.00 price objective on T-Mobile US in a research report on Friday, October 24th. Finally, Tigress Financial increased their price target on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $256.78.

T-Mobile US 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.