BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 50,882 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 88.7% in the third quarter, HoldingsChannel reports. The firm owned 108,254 shares of the Wireless communications provider’s stock after acquiring an additional 50,882 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in T-Mobile US were worth $22,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TMUS. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC lifted its holdings in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new position in T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US in the second quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC lifted its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $238.28 on Friday. The stock has a 50-day moving average of $219.58 and a 200 day moving average of $194.93. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a twelve month low of $147.96 and a twelve month high of $242.43. The stock has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.19 and a beta of 0.50.

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

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TMUS. Royal Bank of Canada increased their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Bank of America boosted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Barclays upped their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the company’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 sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 343,456 shares of company stock worth $73,405,131 in the last three months. 0.67% of the stock is owned by company insiders.

T-Mobile US Company Profile

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.