Montecito Bank & Trust Makes New Investment in T-Mobile US, Inc. $TMUS

Montecito Bank & Trust purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,671 shares of the Wireless communications provider’s stock, valued at approximately $879,000.

A number of other large investors have also recently bought and sold shares of the business. Activest Wealth Management increased its holdings in shares of T-Mobile US by 9,400.0% during 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 last quarter. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US in the second quarter valued at approximately $25,000. Missouri Trust & Investment Co raised its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the period. Aspect Partners LLC lifted its stake in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US during the 2nd quarter worth $31,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $200.27 on Friday. The firm has a market capitalization of $224.00 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.28 and a beta of 0.44. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49. The business has a fifty day simple moving average of $211.51 and a 200 day simple moving average of $229.51. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s payout ratio is presently 39.23%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. BNP Paribas Exane boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.17.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the sale, the director directly owned 634,241,492 shares of the company’s stock, valued at approximately $151,571,031,758.16. The trade was 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 a total of 1,043,868 shares of company stock valued at $238,762,618 over the last three months. Corporate insiders own 0.37% 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.