Dorsey & Whitney Trust CO LLC Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Dorsey & Whitney Trust CO LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,759 shares of the Wireless communications provider’s stock after selling 192 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in T-Mobile US were worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TMUS. Godsey & Gibb Inc. boosted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC acquired a new position in T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the period. Adirondack Trust Co. grew its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 110 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 43 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 2,139,050 shares of company stock valued at $504,895,827 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $259.01 on Thursday. The firm has a market capitalization of $291.50 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.41 and a beta of 0.62. The firm’s fifty day simple moving average is $236.91 and its 200-day simple moving average is $247.73. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s dividend payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research analyst reports. Morgan Stanley raised their target price on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Finally, JPMorgan Chase & Co. upped their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $256.31.

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.