Lazard Freres Gestion S.A.S. Has $43.73 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• Lazard Freres Gestion S.A.S. increased its stake in T-Mobile US, Inc. by 2.2%, owning approximately $43.73 million worth of shares at the end of the last quarter.
• T-Mobile US recently announced a quarterly dividend increase to $1.02 per share, up from a previous $0.88, reflecting a 1.9% yield.
• The company's stock saw a decline of 3.3% and has a current average target price from analysts set at $268.71.

Lazard Freres Gestion S.A.S. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,547 shares of the Wireless communications provider's stock after purchasing an additional 3,994 shares during the period. Lazard Freres Gestion S.A.S.'s holdings in T-Mobile US were worth $43,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new position in shares of T-Mobile US in the second quarter valued at about $1,294,000. Carnegie Investment Counsel grew its stake in T-Mobile US by 1.4% during the second quarter. Carnegie Investment Counsel now owns 78,070 shares of the Wireless communications provider's stock worth $18,601,000 after buying an additional 1,042 shares in the last quarter. Moser Wealth Advisors LLC grew its stake in T-Mobile US by 137.0% during the second quarter. Moser Wealth Advisors LLC now owns 2,145 shares of the Wireless communications provider's stock worth $511,000 after buying an additional 1,240 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in T-Mobile US by 60.1% during the second quarter. Roman Butler Fullerton & Co. now owns 3,850 shares of the Wireless communications provider's stock worth $938,000 after buying an additional 1,445 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its stake in T-Mobile US by 23.5% during the second quarter. Bleakley Financial Group LLC now owns 12,484 shares of the Wireless communications provider's stock worth $2,975,000 after buying an additional 2,373 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director owned 582,220,759 shares of the company's stock, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 2,389,677 shares of company stock worth $575,795,321. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 3.3%

Shares of NASDAQ TMUS opened at $219.99 on Friday. The company has a 50 day simple moving average of $240.04 and a 200 day simple moving average of $240.85. The firm has a market cap of $247.58 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $2.61 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is currently 33.21%.

Analysts Set New Price Targets

TMUS has been the subject of a number of research reports. Royal Bank Of Canada raised shares of T-Mobile US from a "sector perform" rating to an "outperform" rating and set a $270.00 target price for the company in a report on Tuesday, October 14th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Morgan Stanley increased their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $268.71.

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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