Banque Pictet & Cie SA Makes New $285,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Banque Pictet & Cie SA bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, HoldingsChannel reports. The firm bought 1,290 shares of the Wireless communications provider’s stock, valued at approximately $285,000.

Several other hedge funds have also bought and sold shares of the stock. JSF Financial LLC lifted its stake in T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after acquiring an additional 44 shares during the period. KPP Advisory Services LLC lifted its stake in T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. D Orazio & Associates Inc. lifted its stake in T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after acquiring an additional 47 shares during the period. Finally, Warren Street Wealth Advisors LLC increased its position in shares of T-Mobile US by 4.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 47 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TMUS shares. Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Scotiabank increased their target price on shares of T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, Benchmark reissued a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Stock Up 2.2 %

Shares of TMUS opened at $270.82 on Friday. The company has a market cap of $309.21 billion, a PE ratio of 28.01, a P/E/G ratio of 1.44 and a beta of 0.56. The business has a fifty day moving average of $227.66 and a 200 day moving average of $218.37. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.30%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last three months. 0.67% of the stock is owned by 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.