T-Mobile US, Inc. $TMUS Stock: Pictet Asset Management Holding SA Grows Stake

Pictet Asset Management Holding SA lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 39.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 411,129 shares of the Wireless communications provider’s stock after purchasing an additional 117,012 shares during the period. Pictet Asset Management Holding SA’s holdings in T-Mobile US were worth $67,045,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC increased its position in T-Mobile US by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider’s stock worth $812,000 after buying an additional 56 shares during the last quarter. Heartland Bank & Trust Co raised its holdings in T-Mobile US by 3.5% during the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider’s stock valued at $387,000 after buying an additional 62 shares in the last quarter. CGN Advisors LLC lifted its position in shares of T-Mobile US by 0.6% in the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider’s stock worth $1,830,000 after buying an additional 64 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of T-Mobile US by 0.5% in the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider’s stock worth $1,975,000 after buying an additional 66 shares during the last quarter. Finally, City State Bank lifted its position in shares of T-Mobile US by 21.7% in the third quarter. City State Bank now owns 382 shares of the Wireless communications provider’s stock worth $62,000 after buying an additional 68 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. Wolfe Research cut T-Mobile US from an “outperform” rating to a “peer perform” rating in a research report on Friday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Finally, Scotiabank increased their price target on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.25.

T-Mobile US Stock Up 4.1%

Shares of TMUS stock opened at $168.71 on Tuesday. T-Mobile US, Inc. has a one year low of $143.75 and a one year high of $224.75. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The stock has a fifty day moving average price of $164.71 and a 200 day moving average price of $186.11. The stock has a market cap of $178.71 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. Analysts predict that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio is currently 39.38%.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.