Groupama Asset Managment Raises Holdings in T-Mobile US, Inc. $TMUS

Groupama Asset Managment increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 331,032 shares of the Wireless communications provider’s stock after buying an additional 4,714 shares during the period. T-Mobile US makes up approximately 1.0% of Groupama Asset Managment’s holdings, making the stock its 26th largest holding. Groupama Asset Managment’s holdings in T-Mobile US were worth $67,213,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC grew its holdings in T-Mobile US by 7.0% during the fourth quarter. Anchor Investment Management LLC now owns 4,571 shares of the Wireless communications provider’s stock worth $928,000 after acquiring an additional 299 shares during the period. Tempo Wealth LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $273,000. MidFirst Bank acquired a new position in T-Mobile US in the 4th quarter valued at about $879,000. SG Trading Solutions LLC acquired a new position in T-Mobile US in the 4th quarter valued at $693,000. Finally, Pacer Advisors Inc. increased its stake in shares of T-Mobile US by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 118,927 shares of the Wireless communications provider’s stock valued at $24,147,000 after acquiring an additional 1,871 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. TD Cowen upped their price objective on T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $260.48.

T-Mobile US Price Performance

TMUS stock opened at $181.67 on Friday. The firm has a market capitalization of $196.60 billion, a PE ratio of 19.33, a P/E/G ratio of 1.06 and a beta of 0.31. The firm has a 50-day moving average of $189.69 and a two-hundred day moving average of $198.98. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a one year low of $174.02 and a one year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is currently 43.40%.

T-Mobile US Company 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.