Groupe la Francaise Has $44.28 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Groupe la Francaise reduced its stake in T-Mobile US by 46% in Q1, bringing its total holdings to approximately $44.28 million.
• Several institutional investors, including Goldman Sachs and Wellington Management Group, have increased their positions in T-Mobile US, indicating ongoing investor interest.
• T-Mobile US recently reported an earnings per share of $2.84, surpassing analysts’ estimates and showcasing a 6.9% year-over-year revenue growth.

Groupe la Francaise lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 46.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,644 shares of the Wireless communications provider's stock after selling 141,205 shares during the period. T-Mobile US makes up approximately 0.9% of Groupe la Francaise's holdings, making the stock its 26th biggest position. Groupe la Francaise's holdings in T-Mobile US were worth $44,278,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the last quarter. Northern Trust Corp lifted its position in shares of T-Mobile US by 13.8% during the 4th quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock worth $1,175,507,000 after purchasing an additional 645,892 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of T-Mobile US by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after purchasing an additional 423,993 shares during the last quarter. Finally, Deutsche Bank AG increased its stake 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. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TMUS shares. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Morgan Stanley boosted their price target 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. Three 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 company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Trading Down 2.4%

TMUS stock opened at $251.95 on Friday. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The firm has a market cap of $283.55 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.41 and a beta of 0.62. The business's 50 day moving average is $237.98 and its 200-day moving average is $247.97. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.49 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share 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 given a dividend of $0.88 per share. 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 is 33.21%.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the transaction, the insider directly owned 158,703 shares in the company, valued at approximately $39,853,497.36. This trade represents a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $259.87, for a total value of $18,149,320.80. Following the completion of the transaction, the director owned 635,992,364 shares in the company, valued at $165,275,335,632.68. The trade was a 0.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,139,050 shares of company stock worth $504,895,827 in the last three months. Insiders own 0.37% of the company's stock.

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.

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.