Bank of Hawaii Makes New $234,000 Investment in T-Mobile US, Inc. $TMUS

Bank of Hawaii bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 876 shares of the Wireless communications provider’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apexium Financial LP purchased a new stake in T-Mobile US in the 1st quarter worth approximately $202,000. ICONIQ Capital LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $215,000. Smartleaf Asset Management LLC grew its stake in T-Mobile US by 8.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 8,212 shares of the Wireless communications provider’s stock worth $2,176,000 after acquiring an additional 646 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in T-Mobile US by 5.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 231,633 shares of the Wireless communications provider’s stock worth $61,779,000 after acquiring an additional 12,535 shares during the period. Finally, AlphaQuest LLC grew its stake in T-Mobile US by 56.0% in the 1st quarter. AlphaQuest LLC now owns 5,691 shares of the Wireless communications provider’s stock worth $1,518,000 after acquiring an additional 2,043 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the sale, the insider directly owned 158,703 shares of the company’s stock, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer directly owned 358,722 shares of the company’s stock, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,278,730 shares of company stock valued at $540,242,549. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Down 0.1%

Shares of T-Mobile US stock opened at $251.74 on Tuesday. The company has a fifty day moving average price of $238.40 and a 200 day moving average price of $248.05. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The stock has a market cap of $283.31 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company earned $2.49 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is 33.21%.

Analyst Ratings Changes

TMUS has been the subject of several recent analyst reports. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective for the company. Royal Bank Of Canada boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Finally, Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.31.

About T-Mobile US

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.