First Bank & Trust Has $489,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

by · The Markets Daily

First Bank & Trust grew its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,369 shares of the Wireless communications provider’s stock after purchasing an additional 123 shares during the period. First Bank & Trust’s holdings in T-Mobile US were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. DT Investment Partners LLC raised its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the period. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Finally, Westside Investment Management Inc. raised its holdings in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday. Benchmark raised their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, Scotiabank raised their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $240.17.

Read Our Latest Research Report on TMUS

T-Mobile US Stock Performance

Shares of TMUS stock traded down $7.20 during midday trading on Friday, hitting $226.36. 6,478,408 shares of the company were exchanged, compared to its average volume of 4,511,788. The firm has a market capitalization of $264.11 billion, a P/E ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm’s 50 day moving average price is $206.12 and its two-hundred day moving average price is $185.23. T-Mobile US, Inc. has a 52 week low of $138.42 and a 52 week high of $234.56.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.56%. T-Mobile US’s payout ratio is 32.58%.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

About T-Mobile US

(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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