KBC Group NV Sells 17,821 Shares of T-Mobile US, Inc. $TMUS

KBC Group NV trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,559 shares of the Wireless communications provider’s stock after selling 17,821 shares during the period. KBC Group NV’s holdings in T-Mobile US were worth $59,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Journey Strategic Wealth LLC lifted its holdings in T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 41 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after acquiring an additional 41 shares during the period. Weaver Capital Management LLC raised its position in shares of T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after acquiring an additional 42 shares in the last quarter. Haven Private LLC lifted its stake in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares during the last quarter. Finally, Bank of Stockton boosted its position in T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Morgan Stanley dropped their target price on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $266.83.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 1,973,541 shares of company stock worth $471,574,286 over the last ninety days. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $212.68 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock has a 50-day moving average of $227.89 and a two-hundred day moving average of $236.18. The stock has a market cap of $237.88 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.51 and a beta of 0.57. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio is currently 39.23%.

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.