T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,035 shares of the Wireless communications provider’s stock after selling 190,469 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile US were worth $46,438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TMUS. Point72 Europe London LLP acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $10,566,000. Vinva Investment Management Ltd lifted its stake in T-Mobile US by 54.0% during the third quarter. Vinva Investment Management Ltd now owns 6,068 shares of the Wireless communications provider’s stock valued at $1,245,000 after purchasing an additional 2,129 shares during the last quarter. Financial Counselors Inc. bought a new stake in T-Mobile US during the third quarter worth approximately $236,000. Public Sector Pension Investment Board grew its position in T-Mobile US by 38.9% in the third quarter. Public Sector Pension Investment Board now owns 710,387 shares of the Wireless communications provider’s stock worth $146,595,000 after buying an additional 198,900 shares during the last quarter. Finally, Fiduciary Trust Co increased its holdings in shares of T-Mobile US by 23.7% in the third quarter. Fiduciary Trust Co now owns 8,586 shares of the Wireless communications provider’s stock valued at $1,772,000 after buying an additional 1,644 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This trade represents a 7.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $246.94 on Friday. T-Mobile US, Inc. has a one year low of $148.19 and a one year high of $248.15. The business’s 50-day moving average price is $223.98 and its two-hundred day moving average price is $197.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $286.57 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $241.83.

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.