Inspire Trust Co. N.A. Grows Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Inspire Trust Co. N.A. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,512 shares of the Wireless communications provider’s stock after buying an additional 1,026 shares during the period. Inspire Trust Co. N.A.’s holdings in T-Mobile US were worth $2,376,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TMUS. FMR LLC boosted its stake in shares of T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC raised its position in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Wellington Management Group LLP lifted its stake in T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. Franklin Resources Inc. boosted its stake in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $233.27 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1-year low of $153.84 and a 1-year high of $248.15. The firm’s 50 day simple moving average is $230.10 and its two-hundred day simple moving average is $202.43. The company has a market capitalization of $270.71 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.20 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the firm earned $1.82 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 9.38 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, March 13th. Stockholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TMUS shares. Bank of America lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Tigress Financial lifted their price objective on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, UBS Group increased their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $245.42.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,869 shares of company stock worth $47,018,239. 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.