KBC Group NV Buys 60,760 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

KBC Group NV lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 57.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 166,831 shares of the Wireless communications provider’s stock after acquiring an additional 60,760 shares during the period. KBC Group NV’s holdings in T-Mobile US were worth $36,825,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Scientech Research LLC bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $497,000. Susquehanna Fundamental Investments LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $863,000. Kathmere Capital Management LLC acquired a new position in T-Mobile US during the second quarter worth $233,000. Nemes Rush Group LLC lifted its stake in shares of T-Mobile US by 201.6% in the second quarter. Nemes Rush Group LLC now owns 733 shares of the Wireless communications provider’s stock valued at $129,000 after buying an additional 490 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new position in shares of T-Mobile US during the second quarter valued at about $354,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the topic of a number of analyst reports. Morgan Stanley initiated 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 on the stock. Tigress Financial raised their target price on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. UBS Group upped their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Benchmark raised their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Performance

T-Mobile US stock opened at $221.43 on Tuesday. The firm’s 50 day simple moving average is $226.93 and its 200 day simple moving average is $212.07. 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 1-year low of $158.84 and a 1-year high of $248.15. The firm has a market capitalization of $256.97 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The firm also recently disclosed 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 1.59%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is 40.14%.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

About T-Mobile US

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.