Heartland Bank & Trust Co Cuts Stake in T-Mobile US, Inc. $TMUS

Heartland Bank & Trust Co reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,274 shares of the Wireless communications provider’s stock after selling 59 shares during the quarter. Heartland Bank & Trust Co’s holdings in T-Mobile US were worth $542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of T-Mobile US during the first quarter valued at $618,248,000. Assenagon Asset Management S.A. grew its holdings in shares of T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the last quarter. Finally, Amundi grew its holdings in shares of T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after buying an additional 813,331 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. KeyCorp reissued an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.13.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $238.61, for a total value of $16,664,522.40. Following the completion of the transaction, the director owned 646,613,244 shares in the company, valued at approximately $154,288,386,150.84. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,359,321 shares of company stock valued at $570,950,708 in the last three months. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 1.6%

Shares of T-Mobile US stock opened at $225.06 on Tuesday. The firm has a 50-day simple moving average of $243.04 and a two-hundred day simple moving average of $242.43. The company has a market cap of $253.29 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. As a group, equities analysts predict 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. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 33.21%.

T-Mobile US 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.