T-Mobile US, Inc. $TMUS Shares Sold by Field & Main Bank

Field & Main Bank lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,815 shares of the Wireless communications provider’s stock after selling 265 shares during the period. T-Mobile US comprises about 1.1% of Field & Main Bank’s investment portfolio, making the stock its 27th biggest holding. Field & Main Bank’s holdings in T-Mobile US were worth $3,292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Savvy Advisors Inc. lifted its holdings in shares of T-Mobile US by 23.6% in the 2nd quarter. Savvy Advisors Inc. now owns 6,871 shares of the Wireless communications provider’s stock worth $1,637,000 after purchasing an additional 1,312 shares during the last quarter. Assetmark Inc. increased its position in T-Mobile US by 21.2% in the second quarter. Assetmark Inc. now owns 33,029 shares of the Wireless communications provider’s stock worth $7,870,000 after buying an additional 5,777 shares during the period. Arkadios Wealth Advisors lifted its stake in T-Mobile US by 26.1% in the second quarter. Arkadios Wealth Advisors now owns 14,118 shares of the Wireless communications provider’s stock valued at $3,364,000 after buying an additional 2,922 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in shares of T-Mobile US during the second quarter valued at $200,000. Finally, Analyst IMS Investment Management Services Ltd. grew its position in shares of T-Mobile US by 0.7% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 13,958 shares of the Wireless communications provider’s stock worth $3,326,000 after acquiring an additional 93 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 53,507 shares of T-Mobile US stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $220.77, for a total value of $11,812,740.39. Following the transaction, the director owned 582,067,249 shares of the company’s stock, valued at approximately $128,502,986,561.73. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 2,391,207 shares of company stock worth $573,229,394 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent research reports. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Trading Down 2.3%

Shares of T-Mobile US stock opened at $215.01 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The business has a fifty day simple moving average of $236.97 and a 200-day simple moving average of $239.72. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The firm has a market cap of $240.49 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 33.85%.

T-Mobile US Profile

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.