Commerce Bank Sells 73,728 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

by · The Cerbat Gem

Commerce Bank decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 639,466 shares of the Wireless communications provider’s stock after selling 73,728 shares during the period. T-Mobile US comprises approximately 0.9% of Commerce Bank’s holdings, making the stock its 19th largest position. Commerce Bank’s holdings in T-Mobile US were worth $141,149,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Barclays PLC raised its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. Passumpsic Savings Bank bought a new position in T-Mobile US during the 3rd quarter valued at $2,634,000. Pine Valley Investments Ltd Liability Co boosted its holdings in T-Mobile US by 1.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider’s stock worth $1,135,000 after acquiring an additional 70 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in T-Mobile US during the 3rd quarter worth $510,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

T-Mobile US stock opened at $262.04 on Friday. T-Mobile US, Inc. has a fifty-two week low of $160.06 and a fifty-two week high of $276.49. The firm’s fifty day moving average price is $261.47 and its 200-day moving average price is $238.65. The stock has a market cap of $299.18 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Scotiabank lifted their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Citigroup lowered T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $256.80.

Read Our Latest Report on TMUS

T-Mobile US Company 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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