Thematics Asset Management Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Thematics Asset Management lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,094 shares of the Wireless communications provider’s stock after selling 6,515 shares during the period. Thematics Asset Management’s holdings in T-Mobile US were worth $6,863,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter valued at approximately $1,802,393,000. Canada Pension Plan Investment Board raised its holdings in shares of T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of T-Mobile US during the fourth quarter valued at $452,721,000. Capital International Investors raised 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 purchasing an additional 1,734,998 shares during the last quarter. Finally, Barclays PLC lifted its holdings in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.9 %

Shares of T-Mobile US stock opened at $262.04 on Friday. The company has a fifty day moving average price of $261.54 and a 200 day moving average price of $239.25. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $160.62 and a twelve month high of $276.49. The stock has a market cap of $299.18 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Royal Bank of Canada raised their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Finally, Benchmark restated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $256.80.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US 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 owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.