Lazard Asset Management LLC Purchases 6,518 Shares of T-Mobile US, Inc. $TMUS

Lazard Asset Management LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.2% during the first quarter, HoldingsChannel reports. The fund owned 38,738 shares of the Wireless communications provider’s stock after buying an additional 6,518 shares during the quarter. Lazard Asset Management LLC’s holdings in T-Mobile US were worth $8,136,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in TMUS. Main Street Group LTD purchased a new stake in T-Mobile US during the 1st quarter worth about $25,000. JDM Financial Group LLC lifted its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the 4th quarter worth $29,000. Turning Point Benefit Group Inc. lifted its stake in T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the last quarter. Finally, Sachetta LLC lifted its position in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 4.5%

NASDAQ TMUS opened at $173.34 on Friday. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The company has a market capitalization of $185.94 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.02 and a beta of 0.33. The stock has a 50 day moving average price of $183.52 and a 200-day moving average price of $195.06. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.69 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. KeyCorp cut their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Barclays reduced their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, Benchmark reduced their target price on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $252.08.

Insider Activity at T-Mobile US

In related news, 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 transaction of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company’s stock.

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.