Lazard Freres Gestion S.A.S. Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Lazard Freres Gestion S.A.S. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,359 shares of the Wireless communications provider’s stock after selling 21,900 shares during the quarter. T-Mobile US makes up 1.1% of Lazard Freres Gestion S.A.S.’s investment portfolio, making the stock its 29th largest position. Lazard Freres Gestion S.A.S.’s holdings in T-Mobile US were worth $52,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC increased its holdings in T-Mobile US by 80.7% during the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 113 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $5,380,000. Tidal Investments LLC raised its holdings in shares of T-Mobile US by 14.2% during the first quarter. Tidal Investments LLC now owns 63,686 shares of the Wireless communications provider’s stock valued at $10,392,000 after acquiring an additional 7,904 shares in the last quarter. Hancock Whitney Corp lifted its stake in T-Mobile US by 0.9% in the first quarter. Hancock Whitney Corp now owns 93,525 shares of the Wireless communications provider’s stock worth $15,265,000 after acquiring an additional 849 shares during the period. Finally, Comerica Bank boosted its position in T-Mobile US by 6.3% during the 1st quarter. Comerica Bank now owns 157,126 shares of the Wireless communications provider’s stock valued at $25,646,000 after acquiring an additional 9,309 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.92 on Tuesday, hitting $241.86. The company’s stock had a trading volume of 162,316 shares, compared to its average volume of 4,389,972. 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 stock has a 50 day moving average of $220.26 and a 200-day moving average of $195.92. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.83. The company has a market capitalization of $280.68 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.22 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 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 firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 29.65%.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,750 shares of company stock valued at $72,863,634 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TMUS. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Barclays boosted their price objective on 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, Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.