Lazard Freres Gestion S.A.S. Sells 46,671 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Lazard Freres Gestion S.A.S. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,553 shares of the Wireless communications provider’s stock after selling 46,671 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in T-Mobile US were worth $47,888,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Godsey & Gibb Inc. lifted its holdings in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 60 shares during the period. Adirondack Trust Co. raised its stake in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 110 shares during the last quarter. City Holding Co. raised its stake in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 43 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in T-Mobile US in the 4th quarter worth $39,000. Finally, 10Elms LLP acquired a new stake in T-Mobile US during the 4th quarter worth about $42,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.6%

Shares of TMUS stock opened at $243.55 on Monday. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The firm’s fifty day simple moving average is $235.19 and its 200 day simple moving average is $244.86. The firm has a market capitalization of $274.10 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.33 and a beta of 0.62. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.49 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is 33.21%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the sale, the director owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 1,326,510 shares of company stock worth $305,246,018. 0.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Tigress Financial boosted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, KeyCorp restated an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.31.

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.