iA Global Asset Management Inc. Lowers Position in T-Mobile US, Inc. $TMUS

iA Global Asset Management Inc. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 139,059 shares of the Wireless communications provider’s stock after selling 31,667 shares during the quarter. iA Global Asset Management Inc.’s holdings in T-Mobile US were worth $28,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after buying an additional 636,192 shares during the last quarter. State Street Corp raised its position in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors raised its position in T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP raised its position in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after buying an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. raised its position in T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after buying an additional 453,096 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 1.6%

Shares of T-Mobile US stock opened at $185.22 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56. The firm has a market cap of $200.45 billion, a PE ratio of 19.70, a P/E/G ratio of 1.09 and a beta of 0.33. The stock has a fifty day moving average price of $201.37 and a 200-day moving average price of $203.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the firm posted $2.58 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TMUS shares. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup increased their price target on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a research report on Thursday, February 19th. Finally, Wolfe Research reissued an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.48.

Insider Activity

In other news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the sale, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 149,134 shares of company stock worth $32,163,349. 0.37% of the stock is owned by insiders.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.