Private Trust Co. NA Reduces Position in T-Mobile US, Inc. $TMUS

Private Trust Co. NA decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 33.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,992 shares of the Wireless communications provider’s stock after selling 2,538 shares during the quarter. Private Trust Co. NA’s holdings in T-Mobile US were worth $1,195,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $25,000. Missouri Trust & Investment Co increased its stake in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares in the last quarter. Finally, Aspect Partners LLC boosted its stake in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.6%

NASDAQ:TMUS opened at $198.81 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a 50 day moving average of $208.54 and a 200-day moving average of $227.90. The firm has a market capitalization of $222.37 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44. T-Mobile US, Inc. has a 52 week low of $194.01 and a 52 week high of $276.49.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insiders Place Their Bets

In related news, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director directly owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer owned 90,258 shares in the company, valued at $18,215,869.56. The trade was a 12.18% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 915,016 shares of company stock worth $208,006,290. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Wolfe Research lowered their price objective on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.17.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.