Independence Bank of Kentucky Has $2.19 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Independence Bank of Kentucky cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,211 shares of the Wireless communications provider’s stock after selling 85 shares during the quarter. Independence Bank of Kentucky’s holdings in T-Mobile US were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the fourth quarter worth $28,000. Adirondack Trust Co. raised its position in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 110 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in T-Mobile US in the fourth quarter valued at approximately $39,000. Finally, DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 70 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.4%

Shares of NASDAQ TMUS opened at $245.86 on Friday. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The company has a market cap of $279.16 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50-day simple moving average of $248.49 and a two-hundred day simple moving average of $244.07.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the business earned $2.00 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 34.34%.

Analyst Ratings Changes

Several analysts have recently commented on TMUS shares. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Benchmark reissued a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

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.