T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 36.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,082 shares of the Wireless communications provider's stock after selling 17,559 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in T-Mobile US were worth $6,861,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after acquiring an additional 90,755 shares during the last quarter. Invesco Ltd. grew its position in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,802,393,000. Franklin Resources Inc. increased its stake in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Capital International Investors lifted its stake in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.8 %

T-Mobile US stock opened at $248.88 on Friday. The firm has a 50-day moving average price of $258.13 and a two-hundred day moving average price of $241.76. T-Mobile US, Inc. has a 52-week low of $161.61 and a 52-week high of $276.49. The firm has a market capitalization of $282.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 34.34%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Oppenheimer boosted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $257.68.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company's stock.

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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