iA Global Asset Management Inc. Sells 29,648 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

iA Global Asset Management Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.7% in the fourth quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arvest Investments Inc. grew its holdings in shares of T-Mobile US by 2.2% in the fourth quarter. Arvest Investments Inc. now owns 4,828 shares of the Wireless communications provider’s stock valued at $1,066,000 after purchasing an additional 103 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of T-Mobile US by 25.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 74,715 shares of the Wireless communications provider’s stock valued at $16,492,000 after purchasing an additional 15,066 shares in the last quarter. Vinva Investment Management Ltd grew its holdings in shares of T-Mobile US by 186.6% in the fourth quarter. Vinva Investment Management Ltd now owns 17,393 shares of the Wireless communications provider’s stock valued at $3,838,000 after purchasing an additional 11,325 shares in the last quarter. Xponance Inc. grew its holdings in shares of T-Mobile US by 1.3% in the fourth quarter. Xponance Inc. now owns 70,442 shares of the Wireless communications provider’s stock valued at $15,549,000 after purchasing an additional 873 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of T-Mobile US in the fourth quarter valued at $3,453,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TMUS. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective for the company. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.05.

T-Mobile US Stock Performance

TMUS stock opened at $259.25 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business has a 50-day moving average price of $246.46 and a 200 day moving average price of $229.77. The company has a market capitalization of $296.00 billion, a P/E ratio of 26.81, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced 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%. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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 issued 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 1.36%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate 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.