Quintet Private Bank Europe S.A. Sells 854 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Quintet Private Bank Europe S.A. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 81.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200 shares of the Wireless communications provider’s stock after selling 854 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in T-Mobile US were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LGT Fund Management Co Ltd. lifted its holdings in shares of T-Mobile US by 102.1% during the 4th quarter. LGT Fund Management Co Ltd. now owns 23,733 shares of the Wireless communications provider’s stock valued at $5,239,000 after buying an additional 11,987 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of T-Mobile US by 17.4% during the 4th quarter. Plato Investment Management Ltd now owns 16,742 shares of the Wireless communications provider’s stock valued at $3,709,000 after buying an additional 2,478 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of T-Mobile US during the 4th quarter valued at $769,000. Jones Financial Companies Lllp lifted its holdings in shares of T-Mobile US by 40.0% during the 4th quarter. Jones Financial Companies Lllp now owns 23,909 shares of the Wireless communications provider’s stock valued at $5,277,000 after buying an additional 6,829 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of T-Mobile US by 1,233.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 4,308 shares of the Wireless communications provider’s stock valued at $951,000 after buying an additional 3,985 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 1.2 %

Shares of T-Mobile US stock opened at $272.83 on Tuesday. The firm has a market cap of $311.50 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.55 and a beta of 0.56. The business has a 50-day moving average price of $236.54 and a 200-day moving average price of $224.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.29%. T-Mobile US’s payout ratio is 36.40%.

Insider Activity

In other news, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TMUS shares. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Oppenheimer upped their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $253.26.

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.