Credit Agricole S A Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Credit Agricole S A reduced its stake in T-Mobile US by 40.6% during the first quarter, owning 37,350 shares valued at approximately $9.96 million after selling 25,492 shares.
• Several other institutional investors have changed their positions in T-Mobile US, including GAMMA Investing LLC, which increased its stake by 29,289.4%.
• JPMorgan Chase & Co. raised their target price for T-Mobile US from $270.00 to $280.00, maintaining an "overweight" rating on the stock.

Credit Agricole S A reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 40.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,350 shares of the Wireless communications provider's stock after selling 25,492 shares during the period. Credit Agricole S A's holdings in T-Mobile US were worth $9,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after buying an additional 3,043,173 shares in the last quarter. Nuveen LLC purchased a new stake in T-Mobile US in the 1st quarter worth $618,248,000. Deutsche Bank AG raised its holdings in T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after acquiring an additional 968,444 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after acquiring an additional 645,892 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TMUS shares. JPMorgan Chase & Co. increased their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned 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, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Stock Down 0.3%

NASDAQ TMUS opened at $258.16 on Friday. The stock has a 50 day moving average price of $237.50 and a 200-day moving average price of $247.87. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. 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 $290.54 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.42 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 2,139,050 shares of company stock valued at $504,895,827 in the last ninety days. Company insiders own 0.37% of the company's stock.

T-Mobile US Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.