Central Pacific Bank Trust Division Sells 150 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Central Pacific Bank Trust Division lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,965 shares of the Wireless communications provider’s stock after selling 150 shares during the quarter. Central Pacific Bank Trust Division’s holdings in T-Mobile US were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC lifted its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. Swedbank AB raised its stake in T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares during the period. Passumpsic Savings Bank purchased a new position in T-Mobile US during the third quarter valued at approximately $2,634,000. Finally, Raymond James Trust N.A. boosted its position in shares of T-Mobile US by 55.2% in the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock worth $7,378,000 after purchasing an additional 12,712 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer upped their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $247.58.

T-Mobile US Trading Up 0.4 %

Shares of NASDAQ TMUS traded up $0.95 during midday trading on Friday, hitting $220.48. The company’s stock had a trading volume of 926,801 shares, compared to its average volume of 1,872,016. The business’s 50 day moving average is $231.67 and its two-hundred day moving average is $207.39. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market cap of $255.86 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.18 and a beta of 0.53.

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

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend yield of 1.60%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,969 shares of company stock valued at $46,656,527. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company Profile

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.