By otakuyassine3@gmail.com 
Kennebec Savings Bank reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 50.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 139 shares of the Wireless communications provider’s stock after selling 140 shares during the period. Kennebec Savings Bank’s holdings in T-Mobile US were worth $30,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Susquehanna Fundamental Investments LLC acquired a new position in T-Mobile US in the second quarter valued at about $863,000. EP Wealth Advisors LLC raised its stake in T-Mobile US by 13.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 5,906 shares of the Wireless communications provider’s stock worth $1,040,000 after buying an additional 721 shares during the period. Advisory Alpha LLC lifted its holdings in T-Mobile US by 5.9% during the second quarter. Advisory Alpha LLC now owns 1,419 shares of the Wireless communications provider’s stock worth $250,000 after acquiring an additional 79 shares in the last quarter. New Century Financial Group LLC acquired a new position in T-Mobile US in the second quarter valued at about $234,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of T-Mobile US in the second quarter worth about $12,095,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US Stock Performance
Shares of NASDAQ TMUS opened at $234.37 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market cap of $271.98 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.17 and a beta of 0.56. The stock’s fifty day moving average price is $226.37 and its two-hundred day moving average price is $212.82. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $248.15.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.15 EPS for the current year.
T-Mobile US Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 36.40%.
Analyst Upgrades and Downgrades
Several analysts have commented on TMUS shares. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday. Tigress Financial lifted their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.89.
Get Our Latest Report on T-Mobile US
Insiders Place Their Bets
In related news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the sale, the executive vice president now owns 4,400 shares in the company, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock worth $32,736,303 in the last 90 days. Company insiders own 0.67% of the company’s stock.
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.
Further Reading
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