Ostrum Asset Management Has $164,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Ostrum Asset Management trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 741 shares of the Wireless communications provider’s stock after selling 164 shares during the period. Ostrum Asset Management’s holdings in T-Mobile US were worth $164,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The lifted its holdings in T-Mobile US by 8.3% during the 4th quarter. Norinchukin Bank The now owns 33,109 shares of the Wireless communications provider’s stock valued at $7,308,000 after purchasing an additional 2,535 shares during the last quarter. Capital International Inc. CA boosted its holdings in shares of T-Mobile US by 14.2% in the 4th quarter. Capital International Inc. CA now owns 10,934 shares of the Wireless communications provider’s stock worth $2,413,000 after acquiring an additional 1,360 shares in the last quarter. Dimensional Fund Advisors LP grew its position in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,084,830 shares of the Wireless communications provider’s stock worth $901,643,000 after acquiring an additional 25,667 shares during the last quarter. Freedom Investment Management Inc. increased its holdings in T-Mobile US by 17.6% during the 4th quarter. Freedom Investment Management Inc. now owns 5,638 shares of the Wireless communications provider’s stock valued at $1,245,000 after purchasing an additional 844 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in T-Mobile US by 25.1% in the 4th quarter. GeoWealth Management LLC now owns 16,126 shares of the Wireless communications provider’s stock valued at $3,560,000 after purchasing an additional 3,232 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TMUS shares. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

Insider Buying and Selling at T-Mobile US

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $262.04 on Monday. The company has a market capitalization of $299.18 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 52 week low of $160.62 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company’s 50 day moving average price is $261.54 and its two-hundred day moving average price is $239.47.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

T-Mobile US Company 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.