Swiss National Bank Trims Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Swiss National Bank lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,483,202 shares of the Wireless communications provider’s stock after selling 86,300 shares during the quarter. Swiss National Bank’s holdings in T-Mobile US were worth $327,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Principal Financial Group Inc. increased its stake in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after acquiring an additional 47,350 shares during the last quarter. Atria Investments Inc increased its position in shares of T-Mobile US by 4.3% in the third quarter. Atria Investments Inc now owns 23,675 shares of the Wireless communications provider’s stock worth $4,886,000 after purchasing an additional 982 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in T-Mobile US by 155.1% in the third quarter. Los Angeles Capital Management LLC now owns 11,093 shares of the Wireless communications provider’s stock valued at $2,289,000 after purchasing an additional 6,745 shares in the last quarter. Venturi Wealth Management LLC lifted its position in T-Mobile US by 14.7% during the third quarter. Venturi Wealth Management LLC now owns 704 shares of the Wireless communications provider’s stock valued at $145,000 after purchasing an additional 90 shares during the last quarter. Finally, Versor Investments LP bought a new stake in T-Mobile US during the third quarter valued at approximately $702,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TMUS. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Scotiabank increased their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $254.10.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $255.61 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $291.84 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49. The firm has a 50-day moving average of $242.14 and a 200-day moving average of $227.74.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

About T-Mobile US

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.