BNP Paribas Purchases 2,011 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

BNP Paribas lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,500 shares of the Wireless communications provider’s stock after purchasing an additional 2,011 shares during the quarter. T-Mobile US accounts for 1.0% of BNP Paribas’ portfolio, making the stock its 29th largest position. BNP Paribas’ holdings in T-Mobile US were worth $24,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the 4th quarter valued at approximately $28,000. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. Bruce G. Allen Investments LLC raised its holdings in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 73 shares during the period. Finally, Albion Financial Group UT bought a new position in T-Mobile US in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.8 %

TMUS opened at $248.88 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock’s fifty day simple moving average is $258.13 and its 200 day simple moving average is $241.76. T-Mobile US, Inc. has a 1-year low of $161.61 and a 1-year high of $276.49. The stock has a market cap of $282.59 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter last year, the company posted $2.00 EPS. T-Mobile US’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 34.34%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on TMUS shares. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Oppenheimer increased their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.68.

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.