Pictet Asset Management Holding SA Has $47.40 Million Holdings in T-Mobile US, Inc. $TMUS

Pictet Asset Management Holding SA trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 41.0% during the first quarter, Holdings Channel.com reports. The fund owned 225,677 shares of the Wireless communications provider’s stock after selling 156,547 shares during the quarter. Pictet Asset Management Holding SA’s holdings in T-Mobile US were worth $47,399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after purchasing an additional 6,516,968 shares in the last quarter. State Street Corp raised its position in shares of T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after buying an additional 1,047,624 shares in the last quarter. Capital International Investors raised its position in shares of T-Mobile US by 8.2% in the fourth quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock valued at $3,014,754,000 after buying an additional 1,121,409 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of T-Mobile US by 10.5% in the fourth quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after buying an additional 827,381 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, insider Andre Almeida purchased 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMUS. Royal Bank Of Canada lowered their price objective on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Scotiabank cut their target price on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. TD Cowen increased their target price on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a research note on Monday, April 13th. Finally, Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $260.27.

T-Mobile US Trading Down 3.6%

Shares of TMUS stock opened at $167.73 on Wednesday. The stock’s fifty day moving average price is $187.18 and its two-hundred day moving average price is $197.50. The company has a market cap of $181.52 billion, a PE ratio of 17.84, a P/E/G ratio of 1.01 and a beta of 0.31. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.4%. T-Mobile US’s payout ratio is presently 43.40%.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: One bullish article argues T-Mobile remains an attractive long-term value play, citing strong quarterly operating trends, 6% year-over-year postpaid account growth, 3.9% ARPA growth, and a roughly 10% adjusted free cash flow yield. The piece also says the US Cellular acquisition should add spectrum, customers, and towers, which could strengthen T-Mobile’s competitive position. Article Title
• Neutral Sentiment: T-Mobile was also mentioned in coverage calling it a “strong value stock” and in brokerage commentary showing a “Moderate Buy” consensus, which supports the longer-term investment case but is unlikely to be a major near-term catalyst. Article Title
• Negative Sentiment: Recent selling has been driven by worries that SpaceX/Starlink could enter the mobile market and intensify competition for major wireless carriers, including T-Mobile. Investors are also digesting reports that T-Mobile is changing legacy plans, which could raise bills for some customers and create churn or backlash. Article Title
• Negative Sentiment: Another headwind is that T-Mobile was removed from the Russell Top 50 Index and Russell 1000 Dynamic Index, which may have added technical selling pressure and reinforced the negative tone around the stock. Article Title

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.