AG2R LA Mondiale Gestion D Actifs Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 19,416 shares of T-Mobile US, valued at approximately $5.18 million, in the first quarter of the year.
• T-Mobile US saw several large investors increase their stakes in the first quarter, resulting in institutional ownership now comprising 42.49% of the stock.
• Analysts maintain a positive outlook on T-Mobile US, with an average target price of $258.02 and ratings that include three "Strong Buy" and nine "Buy" recommendations.

AG2R LA Mondiale Gestion D Actifs bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,416 shares of the Wireless communications provider's stock, valued at approximately $5,178,000.

Several other large investors have also bought and sold shares of the company. Swedbank AB raised its holdings in T-Mobile US by 1.0% in the first quarter. Swedbank AB now owns 273,890 shares of the Wireless communications provider's stock worth $73,049,000 after buying an additional 2,741 shares during the last quarter. 1248 Management LLC grew its stake in shares of T-Mobile US by 1.2% in the first quarter. 1248 Management LLC now owns 5,295 shares of the Wireless communications provider's stock worth $1,412,000 after acquiring an additional 65 shares during the period. Modern Wealth Management LLC grew its stake in shares of T-Mobile US by 39.8% in the first quarter. Modern Wealth Management LLC now owns 3,945 shares of the Wireless communications provider's stock worth $1,053,000 after acquiring an additional 1,124 shares during the period. Strs Ohio bought a new stake in shares of T-Mobile US in the first quarter worth approximately $60,075,000. Finally, Advisors Capital Management LLC grew its stake in shares of T-Mobile US by 1.8% in the first quarter. Advisors Capital Management LLC now owns 141,669 shares of the Wireless communications provider's stock worth $37,785,000 after acquiring an additional 2,573 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price for the company. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Price Performance

TMUS stock opened at $241.39 on Friday. T-Mobile US, Inc. has a one year low of $195.47 and a one year high of $276.49. The company's fifty day moving average price is $243.22 and its 200-day moving average price is $246.95. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market capitalization of $271.67 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the sale, the director owned 635,014,604 shares of the company's stock, valued at $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,627,930 shares of company stock worth $628,713,068. 0.37% of the stock is owned by insiders.

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.

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