T-Mobile US, Inc. $TMUS Position Increased by Community Trust & Investment Co.

Community Trust & Investment Co. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 4.2% during the third quarter, Holdings Channel reports. The firm owned 105,221 shares of the Wireless communications provider’s stock after purchasing an additional 4,254 shares during the quarter. Community Trust & Investment Co.’s holdings in T-Mobile US were worth $17,159,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ raised its stake in shares of T-Mobile US by 14.6% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after buying an additional 23,836 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in T-Mobile US by 34.8% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after buying an additional 15,495 shares during the last quarter. Liontrust Investment Partners LLP boosted its holdings in T-Mobile US by 46.0% in the first quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock valued at $12,056,000 after acquiring an additional 18,075 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $5,870,000. Finally, Perpetual Ltd boosted its stake in T-Mobile US by 140.1% in the third quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider’s stock valued at $1,821,000 after acquiring an additional 6,517 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a report on Monday, July 6th. The Goldman Sachs Group decreased their price target on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, September 25th. Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, Wells Fargo & Company decreased their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.65.

Get Our Latest Report on TMUS

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $157.03 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12-month low of $147.90 and a 12-month high of $230.54. The company’s 50 day moving average price is $173.28 and its two-hundred day moving average price is $182.58. The firm has a market cap of $168.44 billion, a PE ratio of 16.44, a PEG ratio of 0.99 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $2.84 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 11.09 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 3.0%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

T-Mobile US Company Profile

(Free Report)

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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