T-Mobile US, Inc. $TMUS Stock Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 27.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,000 shares of the Wireless communications provider’s stock after acquiring an additional 6,000 shares during the period. Inspire Trust Co. N.A.’s holdings in T-Mobile US were worth $4,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $6,625,275,000. Bank of New York Mellon Corp purchased a new position in T-Mobile US in the 2nd quarter worth approximately $839,194,000. Bank of America Corp DE purchased a new position in T-Mobile US in the 2nd quarter worth approximately $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock worth $683,731,000 after acquiring an additional 43,783 shares during the last quarter. Finally, Amundi lifted its position in T-Mobile US by 2.6% in the 2nd quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock valued at $633,255,000 after acquiring an additional 95,650 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TMUS shares. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. JPMorgan Chase & Co. reduced their target price on T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Scotiabank boosted their price target on T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 29th. Moffett Nathanson upped their price target on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Finally, Citigroup lowered their price target on T-Mobile US from $225.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.13.

Read Our Latest Stock Report on TMUS

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $169.08 on Wednesday. The firm’s 50-day moving average price is $164.48 and its 200-day moving average price is $186.03. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75. The company has a market cap of $179.10 billion, a PE ratio of 16.32, a PEG ratio of 0.97 and a beta of 0.40. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.33. The firm had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.41 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 11.50 EPS 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. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is 45.17%.

T-Mobile US Company Profile

(Free Report)

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

See Also

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS – Free Report).

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

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