T-Mobile US, Inc. $TMUS Shares Sold by Candriam S.C.A.

Candriam S.C.A. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 34.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,166 shares of the Wireless communications provider’s stock after selling 42,000 shares during the quarter. Candriam S.C.A.’s holdings in T-Mobile US were worth $18,951,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Haven Private LLC increased its stake in shares of T-Mobile US by 1.3% during the second 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 in the last quarter. Cetera Trust Company N.A raised its holdings in shares of T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares during the last quarter. L2 Asset Management LLC boosted its stake in shares of T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after acquiring an additional 45 shares during the last quarter. City Holding Co. increased its position in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares in the last quarter. Finally, PAX Financial Group LLC increased its position in shares of T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 51,457 shares of company stock worth $11,149,636. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 0.1%

TMUS stock opened at $197.66 on Tuesday. The firm’s 50 day moving average price is $196.72 and its 200-day moving average price is $219.48. 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 firm has a market cap of $221.08 billion, a PE ratio of 19.01, a PEG ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, January 21st. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, January 13th. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a research note on Friday, October 24th. Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company lowered their target price on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.78.

T-Mobile US 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.