Fiduciary Trust Co Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fiduciary Trust Co grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.7% during the 3rd quarter, Holdings Channel reports. The fund owned 8,586 shares of the Wireless communications provider’s stock after purchasing an additional 1,644 shares during the period. Fiduciary Trust Co’s holdings in T-Mobile US were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co boosted its holdings in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US during the second quarter worth about $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US during the second quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC lifted its holdings in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. This trade represents a 71.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 over the last quarter. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TMUS. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Benchmark raised their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Price Performance

T-Mobile US stock opened at $246.94 on Friday. The company has a fifty day simple moving average of $223.98 and a 200-day simple moving average of $197.76. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $286.57 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $148.19 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

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.