American International Group Inc. Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

American International Group Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,610 shares of the Wireless communications provider’s stock after selling 5,675 shares during the period. American International Group Inc.’s holdings in T-Mobile US were worth $33,607,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $3,338,708,000. Morgan Stanley boosted its position in shares of T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the period. Royal Bank of Canada boosted its position in shares of T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the period. Invesco Ltd. boosted its position in shares of T-Mobile US by 0.6% during the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock worth $1,074,920,000 after purchasing an additional 45,196 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other T-Mobile US news, insider Jon Freier sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the completion of the sale, the insider now directly owns 172,628 shares in the company, valued at $28,376,590.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,859,867 shares of company stock worth $1,120,821,115. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $0.50 during trading on Thursday, reaching $179.77. The company’s stock had a trading volume of 7,650,077 shares, compared to its average volume of 4,678,707. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm has a market cap of $210.66 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 0.69 and a beta of 0.50. T-Mobile US, Inc. has a twelve month low of $126.05 and a twelve month high of $182.67. The business’s fifty day moving average price is $164.74 and its 200-day moving average price is $161.64.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup increased their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. TD Cowen lowered their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. StockNews.com cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $187.86.

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.