T-Mobile US, Inc. (NASDAQ:TMUS) Stake Cut by Fulton Bank N.A.

Fulton Bank N.A. cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,511 shares of the Wireless communications provider’s stock after selling 791 shares during the period. Fulton Bank N.A.’s holdings in T-Mobile US were worth $619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lynx Investment Advisory bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $63,000. Trust Co. of Vermont raised its stake in shares of T-Mobile US by 8.6% in the 2nd quarter. Trust Co. of Vermont now owns 22,853 shares of the Wireless communications provider’s stock valued at $4,026,000 after acquiring an additional 1,814 shares in the last quarter. Mather Group LLC. raised its stake in shares of T-Mobile US by 11.4% in the 2nd quarter. Mather Group LLC. now owns 4,286 shares of the Wireless communications provider’s stock valued at $700,000 after acquiring an additional 439 shares in the last quarter. Leibman Financial Services Inc. bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $2,898,000. Finally, Boston Common Asset Management LLC raised its stake in shares of T-Mobile US by 6.9% in the 2nd quarter. Boston Common Asset Management LLC now owns 120,266 shares of the Wireless communications provider’s stock valued at $21,188,000 after acquiring an additional 7,716 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 1.5 %

Shares of TMUS stock traded up $2.77 on Wednesday, reaching $192.63. 2,035,830 shares of the stock were exchanged, compared to its average volume of 4,764,627. The stock has a market cap of $225.73 billion, a PE ratio of 26.24, a P/E/G ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $193.90. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86. The stock has a 50 day moving average price of $178.68 and a 200 day moving average price of $168.40.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during 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%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Scotiabank raised their target price on T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a report on Thursday, August 1st. Barclays lifted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and a consensus target price of $196.75.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold a total of 3,640,448 shares of company stock valued at $623,942,587 over the last three months. Company insiders own 0.67% of the company’s stock.

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.