Amundi Increases Stake in T-Mobile US, Inc. $TMUS

Key Points

• Amundi increased its stake in T-Mobile US, Inc. by 34.4%, owning approximately 3.18 million shares valued at $851.07 million as of the most recent SEC filing.
• A number of analysts have provided mixed ratings for T-Mobile US, with Goldman Sachs starting coverage with a "buy" rating and a target price of $286.00, while Wall Street Zen downgraded the stock from "buy" to "hold."
• T-Mobile US also declared a quarterly dividend of $0.88 per share to be paid on September 11th, resulting in an annualized yield of 1.4%.

Amundi increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 34.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,176,925 shares of the Wireless communications provider's stock after buying an additional 813,331 shares during the period. Amundi owned about 0.28% of T-Mobile US worth $851,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Activest Wealth Management increased its position in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. increased its holdings in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC bought a new position in T-Mobile US in the first quarter worth approximately $29,000. TCTC Holdings LLC lifted its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. Finally, City Holding Co. lifted its holdings in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares in the company, valued at approximately $91,682,168.76. This represents a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Friday, August 15th. The shares were sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the transaction, the insider directly owned 158,703 shares of the company's stock, valued at $39,853,497.36. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,488,250 shares of company stock valued at $593,252,506. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.64 during mid-day trading on Friday, reaching $252.76. 3,294,176 shares of the company traded hands, compared to its average volume of 3,654,834. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The firm's fifty day moving average is $243.02 and its two-hundred day moving average is $247.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The company has a market capitalization of $284.46 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

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.