LGT Capital Partners LTD. Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

LGT Capital Partners LTD. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 121,271 shares of the Wireless communications provider’s stock after selling 18,389 shares during the period. LGT Capital Partners LTD.’s holdings in T-Mobile US were worth $19,443,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Softbank Group CORP. increased its position in shares of T-Mobile US by 9.0% in the second quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock valued at $6,019,677,000 after buying an additional 3,566,400 shares in the last quarter. State Street Corp increased its stake in shares of T-Mobile US by 3.7% during the 2nd quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock worth $3,435,452,000 after purchasing an additional 874,192 shares in the last quarter. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter worth about $2,801,442,000. Morgan Stanley lifted its holdings in T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after acquiring an additional 693,443 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.7 %

NASDAQ TMUS opened at $163.22 on Friday. The firm has a market capitalization of $193.72 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a 50-day simple moving average of $162.68 and a 200-day simple moving average of $153.75. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The company had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.18 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 8.98 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 37.52%.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $161.87, for a total value of $30,701,882.90. Following the completion of the sale, the director now owns 681,995,476 shares of the company’s stock, valued at $110,394,607,700.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the transaction, the director now directly owns 681,995,476 shares of the company’s stock, valued at $110,394,607,700.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,926,047 shares of company stock valued at $964,431,029. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TMUS shares. Wells Fargo & Company increased their price objective on shares of 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 lifted their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Tuesday, December 19th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Finally, Tigress Financial upped their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.