Desjardins Global Asset Management Inc. Acquires 801 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Desjardins Global Asset Management Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,160 shares of the Wireless communications provider’s stock after buying an additional 801 shares during the period. Desjardins Global Asset Management Inc.’s holdings in T-Mobile US were worth $2,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. United Asset Strategies Inc. lifted its position in T-Mobile US by 0.6% in the 4th quarter. United Asset Strategies Inc. now owns 47,300 shares of the Wireless communications provider’s stock valued at $7,584,000 after acquiring an additional 293 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of T-Mobile US by 20.8% during the 4th quarter. SVB Wealth LLC now owns 5,616 shares of the Wireless communications provider’s stock valued at $900,000 after buying an additional 967 shares during the period. Flputnam Investment Management Co. lifted its holdings in shares of T-Mobile US by 16.0% during the 4th quarter. Flputnam Investment Management Co. now owns 136,633 shares of the Wireless communications provider’s stock valued at $21,906,000 after buying an additional 18,826 shares during the period. Capital Analysts LLC lifted its holdings in shares of T-Mobile US by 1.1% during the 4th quarter. Capital Analysts LLC now owns 16,469 shares of the Wireless communications provider’s stock valued at $2,640,000 after buying an additional 177 shares during the period. Finally, Keel Point LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at $221,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $0.09 during trading on Tuesday, reaching $159.73. 2,037,809 shares of the stock traded hands, compared to its average volume of 4,506,436. The company has a market capitalization of $189.58 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 0.65 and a beta of 0.49. The business has a fifty day simple moving average of $162.34 and a two-hundred day simple moving average of $155.74. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter in the previous year, the business earned $1.18 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 37.52%.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $164.54, for a total transaction of $32,070,491.40. Following the transaction, the director now directly owns 691,295,201 shares of the company’s stock, valued at $113,745,712,372.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders sold a total of 5,689,170 shares of company stock valued at $924,847,536 over the last 90 days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TMUS shares. Tigress Financial increased their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Wells Fargo & Company raised their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Raymond James raised their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $184.00 target price on shares of T-Mobile US in a report on Wednesday, March 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $185.93.

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.