Glenview Trust Co cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,096 shares of the Wireless communications provider’s stock after selling 6,017 shares during the quarter. Glenview Trust Co’s holdings in T-Mobile US were worth $16,192,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. CYBER HORNET ETFs LLC raised its holdings in T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of T-Mobile US by 16.2% during the 4th quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC grew its holdings in shares of T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after purchasing an additional 52 shares in the last quarter. Essex Financial Services Inc. increased its position in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 53 shares during the period. Finally, Tcfg Wealth Management LLC increased its position in shares of T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after purchasing an additional 53 shares during the period. 42.49% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
TMUS has been the subject of several research reports. Scotiabank reduced their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research note on Wednesday, April 29th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Monday, July 6th. Finally, Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $254.56.
T-Mobile US Price Performance
T-Mobile US stock opened at $195.64 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market capitalization of $211.72 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.14 and a beta of 0.33. T-Mobile US, Inc. has a one year low of $165.66 and a one year high of $261.56. The business has a 50 day simple moving average of $185.03 and a 200 day simple moving average of $196.15.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced 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 return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the business posted $2.58 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.53 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is currently 43.40%.
Insider Activity
In related news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by corporate insiders.
About T-Mobile US
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.
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