First National Trust Co Sells 309 Shares of T-Mobile US, Inc. $TMUS

by · The Cerbat Gem

First National Trust Co reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 0.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 35,212 shares of the Wireless communications provider’s stock after selling 309 shares during the period. First National Trust Co’s holdings in T-Mobile US were worth $8,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Motley Fool Asset Management LLC lifted its position in shares of T-Mobile US by 11.7% during the second quarter. Motley Fool Asset Management LLC now owns 59,319 shares of the Wireless communications provider’s stock worth $14,133,000 after purchasing an additional 6,210 shares during the last quarter. Conscious Wealth Investments LLC lifted its position in shares of T-Mobile US by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 12,861 shares of the Wireless communications provider’s stock worth $3,077,000 after purchasing an additional 50 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in T-Mobile US by 7.9% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 189,954 shares of the Wireless communications provider’s stock valued at $45,258,000 after buying an additional 13,900 shares in the last quarter. Rossby Financial LCC lifted its holdings in T-Mobile US by 8.9% during the 2nd quarter. Rossby Financial LCC now owns 1,865 shares of the Wireless communications provider’s stock valued at $444,000 after buying an additional 152 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in T-Mobile US during the 2nd quarter valued at about $984,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Benchmark lifted their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. TD Cowen decreased their price target on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Williams Trading set a $263.00 target price on T-Mobile US in a research report on Friday. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.22.

View Our Latest Analysis on TMUS

T-Mobile US Trading Up 1.3%

NASDAQ:TMUS opened at $220.68 on Tuesday. The firm has a market cap of $248.36 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a one year low of $208.39 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a 50-day simple moving average of $238.61 and a 200-day simple moving average of $240.28.

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

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 2,343,114 shares of company stock valued at $564,035,506. Insiders own 0.37% of the company’s stock.

T-Mobile US Profile

(Free Report)

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.

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