AEGON ASSET MANAGEMENT UK Plc Sells 4,013 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

AEGON ASSET MANAGEMENT UK Plc reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.7% during the 4th quarter, HoldingsChannel reports. The fund owned 105,297 shares of the Wireless communications provider’s stock after selling 4,013 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in T-Mobile US were worth $23,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Delta Investment Management LLC boosted its position in shares of T-Mobile US by 46.2% during the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock valued at $335,000 after buying an additional 600 shares during the period. Deerfield Management Company L.P. Series C purchased a new position in T-Mobile US during the 2nd quarter valued at $764,000. MBB Public Markets I LLC bought a new position in T-Mobile US in the 2nd quarter valued at $6,558,000. Mackenzie Financial Corp increased its stake in T-Mobile US by 22.3% in the second quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock worth $68,936,000 after purchasing an additional 71,406 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Benchmark raised their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price 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. Finally, Barclays upped their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

Insiders Place Their Bets

In other news, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,200 shares of company stock valued at $32,736,303. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.2 %

T-Mobile US stock opened at $218.57 on Friday. The business has a fifty day moving average price of $226.93 and a 200-day moving average price of $211.62. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The stock has a market capitalization of $253.65 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

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.