Amundi Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Amundi grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,363,594 shares of the Wireless communications provider’s stock after acquiring an additional 378,686 shares during the quarter. Amundi’s holdings in T-Mobile US were worth $509,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in T-Mobile US in the 4th quarter worth about $452,721,000. FMR LLC increased its stake in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares during the period. Barclays PLC increased its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the period. Proficio Capital Partners LLC increased its stake in T-Mobile US by 31,353.2% in the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock worth $140,172,000 after buying an additional 633,021 shares during the period. Finally, Wellington Management Group LLP increased its stake 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 worth $3,203,642,000 after buying an additional 602,786 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andre Almeida bought 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Up 0.9 %

NASDAQ:TMUS opened at $265.24 on Friday. The company’s 50-day simple moving average is $239.80 and its 200-day simple moving average is $226.42. The stock has a market capitalization of $302.84 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities 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 business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a 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%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank raised their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. 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 report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $254.10.

T-Mobile US 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.