T-Mobile US, Inc. $TMUS Shares Acquired by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its holdings in T-Mobile US by 77.9% in the first quarter, now owning a total of 130,266 shares worth approximately $34.74 million.
• Insider selling has occurred recently, with Callie R. Field selling 12,300 shares while also noting that insiders sold 1,976,870 shares valued at $463 million over the last quarter.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, beating the consensus estimate of $2.69, with revenue up by 6.9% year-over-year, totaling $21.13 billion.

Candriam S.C.A. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 77.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,266 shares of the Wireless communications provider's stock after purchasing an additional 57,033 shares during the period. Candriam S.C.A.'s holdings in T-Mobile US were worth $34,743,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TMUS. Godsey & Gibb Inc. increased its holdings in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the last quarter. Adirondack Trust Co. boosted its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, City Holding Co. boosted its stake in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, insider Callie R. Field sold 12,300 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at $26,702,552.80. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director directly owned 636,271,724 shares of the company's stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,976,870 shares of company stock valued at $463,154,630 over the last quarter. 0.37% of the stock is owned by insiders.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. increased their price target 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. Royal Bank Of Canada increased their price target 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. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Three research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $256.31.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $258.22 on Wednesday. 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 stock has a market cap of $290.61 billion, a PE ratio of 24.36, a P/E/G ratio of 1.40 and a beta of 0.62. The stock has a 50 day moving average price of $236.35 and a 200 day moving average price of $247.65.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the firm earned $2.49 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Equities research 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. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

About T-Mobile US

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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