KBC Group NV Has $40.55 Million Stock Holdings in T-Mobile US, Inc. $TMUS

KBC Group NV trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.1% during the first quarter, HoldingsChannel.com reports. The fund owned 193,084 shares of the Wireless communications provider’s stock after selling 21,701 shares during the quarter. KBC Group NV’s holdings in T-Mobile US were worth $40,553,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SEB Asset Management AB acquired a new stake in shares of T-Mobile US in the 1st quarter valued at $22,755,000. Swiss National Bank lifted its position in shares of T-Mobile US by 6.4% during the 1st quarter. Swiss National Bank now owns 1,477,202 shares of the Wireless communications provider’s stock worth $310,257,000 after buying an additional 89,400 shares during the last quarter. World Equity Group Inc. boosted its stake in T-Mobile US by 12.9% in the first quarter. World Equity Group Inc. now owns 1,164 shares of the Wireless communications provider’s stock valued at $244,000 after buying an additional 133 shares in the last quarter. Valley Wealth Managers Inc. boosted its stake in T-Mobile US by 9.2% in the first quarter. Valley Wealth Managers Inc. now owns 104,570 shares of the Wireless communications provider’s stock valued at $21,963,000 after buying an additional 8,833 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in T-Mobile US by 15.9% in the first quarter. California Public Employees Retirement System now owns 1,449,168 shares of the Wireless communications provider’s stock valued at $304,369,000 after acquiring an additional 198,287 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Arete Research lifted their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Barclays lowered their price objective on shares of T-Mobile US from $245.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.56.

Insider Activity at T-Mobile US

In related news, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. This represents a 12.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Up 1.7%

TMUS opened at $195.64 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $211.72 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.14 and a beta of 0.33. The company’s 50 day moving average price is $185.03 and its two-hundred day moving average price is $196.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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. The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 EPS. As a group, research analysts predict that T-Mobile US, Inc. will post 10.53 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 43.40%.

About T-Mobile US

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.