iA Global Asset Management Inc. Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

iA Global Asset Management Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,473 shares of the Wireless communications provider’s stock after selling 29,648 shares during the quarter. iA Global Asset Management Inc.’s holdings in T-Mobile US were worth $35,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares during the period. Dunhill Financial LLC grew its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the period. Financial Life Planners purchased a new stake in shares of T-Mobile US in the 4th quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter worth about $34,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Scotiabank increased their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $255.05.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $259.25 on Thursday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $276.49. The stock has a market capitalization of $296.00 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The firm’s 50 day moving average price is $246.46 and its 200-day moving average price is $229.77. 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 released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

T-Mobile US 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.