Banque Pictet & Cie SA Acquires Shares of 50,188 T-Mobile US, Inc. $TMUS

Banque Pictet & Cie SA bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,188 shares of the Wireless communications provider’s stock, valued at approximately $10,190,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new position in T-Mobile US during the second quarter valued at approximately $25,000. United Community Bank lifted its holdings in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its position in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $31,000. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Down 2.8%

Shares of TMUS stock opened at $204.25 on Thursday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60. The company has a market cap of $225.05 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.37 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $208.70 and a 200-day simple moving average of $211.03.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is presently 42.02%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares of the company’s stock, valued at $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares in the company, valued at approximately $30,241,198.24. This trade represents a 36.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 in the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, BNP Paribas Exane lowered their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $257.26.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.