iA Global Asset Management Inc. Has $27.78 Million Holdings in T-Mobile US, Inc. $TMUS

iA Global Asset Management Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,253 shares of the Wireless communications provider’s stock after selling 6,806 shares during the quarter. iA Global Asset Management Inc.’s holdings in T-Mobile US were worth $27,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC increased its stake in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Swiss RE Ltd. acquired a new position in T-Mobile US during the fourth quarter worth $29,000. Turning Point Benefit Group Inc. lifted its stake in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of T-Mobile US in the fourth quarter valued at $36,000. Finally, United Community Bank grew its holdings in shares of T-Mobile US by 78.8% during the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent research reports. Arete Research boosted their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $260.27.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: One bullish article argues T-Mobile remains an attractive long-term value play, citing strong quarterly operating trends, 6% year-over-year postpaid account growth, 3.9% ARPA growth, and a roughly 10% adjusted free cash flow yield. The piece also says the US Cellular acquisition should add spectrum, customers, and towers, which could strengthen T-Mobile’s competitive position. Article Title
• Neutral Sentiment: T-Mobile was also mentioned in coverage calling it a “strong value stock” and in brokerage commentary showing a “Moderate Buy” consensus, which supports the longer-term investment case but is unlikely to be a major near-term catalyst. Article Title
• Negative Sentiment: Recent selling has been driven by worries that SpaceX/Starlink could enter the mobile market and intensify competition for major wireless carriers, including T-Mobile. Investors are also digesting reports that T-Mobile is changing legacy plans, which could raise bills for some customers and create churn or backlash. Article Title
• Negative Sentiment: Another headwind is that T-Mobile was removed from the Russell Top 50 Index and Russell 1000 Dynamic Index, which may have added technical selling pressure and reinforced the negative tone around the stock. Article Title

T-Mobile US Stock Performance

NASDAQ TMUS opened at $167.73 on Wednesday. The company has a fifty day moving average price of $187.18 and a 200-day moving average price of $197.50. The firm has a market cap of $181.52 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.01 and a beta of 0.31. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the firm earned $2.58 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.4%. T-Mobile US’s dividend payout ratio (DPR) is 43.40%.

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.