Alpine Bank Wealth Management Cuts Stock Position in T-Mobile US, Inc. $TMUS

Alpine Bank Wealth Management cut its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 40.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325 shares of the Wireless communications provider’s stock after selling 217 shares during the quarter. Alpine Bank Wealth Management’s holdings in T-Mobile US were worth $77,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC raised its position in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the period. Finally, Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,525,632 shares of company stock worth $609,403,041 in the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Up 0.2%

Shares of TMUS opened at $237.96 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 1-year low of $202.77 and a 1-year high of $276.49. The company has a market capitalization of $267.80 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.30 and a beta of 0.61. The firm’s 50 day simple moving average is $245.07 and its 200 day simple moving average is $244.63.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter last year, the company posted $2.49 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. T-Mobile US’s dividend payout ratio is currently 33.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMUS shares. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price target for the company. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Morgan Stanley lifted 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. Finally, KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.02.

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.