Community Trust & Investment Co. Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Community Trust & Investment Co. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 68,416 shares of the Wireless communications provider’s stock after purchasing an additional 245 shares during the period. Community Trust & Investment Co.’s holdings in T-Mobile US were worth $14,118,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US in the second quarter valued at $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the second quarter worth approximately $27,000. Westside Investment Management Inc. boosted its stake in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $30,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $219.01 on Wednesday. T-Mobile US, Inc. has a one year low of $136.92 and a one year high of $223.91. The company has a market cap of $256.65 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.12 and a beta of 0.51. The firm has a 50-day moving average of $204.26 and a 200-day moving average of $184.18. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 47.89%.

Analyst Ratings Changes

Several research firms have recently commented on TMUS. Tigress Financial raised their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Citigroup increased their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp increased their price target on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Finally, Scotiabank cut T-Mobile US from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $215.50 to $236.00 in a report on Friday, October 18th. One research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $219.94.

Insider Activity at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,261 shares of company stock valued at $69,411,130. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.