Lazard Asset Management LLC Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Lazard Asset Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,701 shares of the Wireless communications provider's stock after selling 13,865 shares during the period. Lazard Asset Management LLC's holdings in T-Mobile US were worth $9,645,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TMUS. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $28,000. Financial Life Planners purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $29,000. Albion Financial Group UT purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $39,000. Finally, DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 58.8% in the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Finally, Scotiabank raised shares of 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 research note on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.0%

TMUS stock traded up $2.50 during midday trading on Friday, reaching $242.66. 4,399,603 shares of the company were exchanged, compared to its average volume of 4,237,526. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 1-year low of $163.15 and a 1-year high of $276.49. The stock's 50-day simple moving average is $253.96 and its 200 day simple moving average is $242.99. The company has a market cap of $275.53 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the previous year, the company posted $2.00 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Company 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.