Groupama Asset Managment Acquires 52,421 Shares of T-Mobile US, Inc. $TMUS

Key Points

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Groupama Asset Managment grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,919 shares of the Wireless communications provider's stock after buying an additional 52,421 shares during the period. T-Mobile US accounts for about 0.7% of Groupama Asset Managment's portfolio, making the stock its 29th biggest holding. Groupama Asset Managment's holdings in T-Mobile US were worth $87,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Crestwood Advisors Group LLC increased its holdings in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 724 shares during the last quarter. Burling Wealth Partners LLC bought a new stake in shares of T-Mobile US during the 4th quarter worth about $2,539,000. Advisor Resource Council bought a new position in T-Mobile US in the 1st quarter valued at about $463,000. Main Street Research LLC raised its holdings in T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after acquiring an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in T-Mobile US during the first quarter worth approximately $6,543,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Callie R. Field sold 12,300 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the transaction, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,974,370 shares of company stock worth $462,526,830 in the last 90 days. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Royal Bank Of Canada increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, KeyCorp restated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $255.18 on Tuesday. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock's 50-day simple moving average is $235.93 and its 200 day simple moving average is $247.58. The firm has a market capitalization of $287.18 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its 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. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

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.

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