Lazard Freres Gestion S.A.S. Sells 46,671 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Lazard Freres Gestion S.A.S. sold 46,671 shares of T-Mobile US, reducing its holdings by 20.6%, while still retaining 179,553 shares valued at approximately $47.89 million.
• T-Mobile US reported earnings per share (EPS) of $2.84 for the last quarter, exceeding analysts' expectations of $2.69, along with a revenue of $21.13 billion.
• The company announced a quarterly dividend of $0.88, with a yield of 1.45%, payable on September 11th to shareholders of record as of August 29th.

Lazard Freres Gestion S.A.S. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,553 shares of the Wireless communications provider's stock after selling 46,671 shares during the quarter. Lazard Freres Gestion S.A.S.'s holdings in T-Mobile US were worth $47,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TMUS. Orion Portfolio Solutions LLC lifted its holdings in shares of T-Mobile US by 8.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 21,564 shares of the Wireless communications provider's stock worth $4,760,000 after buying an additional 1,647 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of T-Mobile US by 22.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,733 shares of the Wireless communications provider's stock worth $1,707,000 after buying an additional 1,418 shares during the last quarter. Allstate Corp acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $3,431,000. L & S Advisors Inc lifted its holdings in shares of T-Mobile US by 7.4% during the fourth quarter. L & S Advisors Inc now owns 6,932 shares of the Wireless communications provider's stock worth $1,530,000 after buying an additional 477 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of T-Mobile US by 4.6% during the fourth quarter. Schroder Investment Management Group now owns 691,910 shares of the Wireless communications provider's stock worth $152,677,000 after buying an additional 30,221 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on TMUS. Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling at T-Mobile US

In related 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 transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 1,473,190 shares of company stock worth $340,769,943. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Down 1.1%

T-Mobile US stock traded down $2.61 during midday trading on Thursday, reaching $238.97. The stock had a trading volume of 1,876,118 shares, compared to its average volume of 4,357,135. The stock has a market capitalization of $268.95 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. T-Mobile US, Inc. has a 1-year low of $176.89 and a 1-year high of $276.49. The firm's fifty day simple moving average is $235.05 and its 200-day simple moving average is $244.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

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 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm'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 firm posted $2.49 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is presently 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.