Inspire Trust Co. N.A. Buys 5,000 Shares of T-Mobile US, Inc. $TMUS

Inspire Trust Co. N.A. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the Wireless communications provider’s stock after acquiring an additional 5,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in T-Mobile US were worth $4,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after acquiring an additional 636,192 shares during the last quarter. State Street Corp increased its stake in shares of T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after acquiring an additional 1,092,769 shares during the last quarter. Capital International Investors increased its stake in shares of T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after acquiring an additional 711,278 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. increased its stake in T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TMUS shares. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. Finally, UBS Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $260.48.

T-Mobile US Trading Down 0.9%

NASDAQ:TMUS opened at $189.01 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average price of $196.71 and a two-hundred day moving average price of $201.83. The company has a market cap of $204.55 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the firm posted $2.58 EPS. The business’s revenue was up 10.6% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is presently 43.40%.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 13,090 shares of company stock worth $2,618,500. 0.37% of the stock is owned by corporate insiders.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile announced a multi-year partnership with the USGA, making it the Official 5G Network Partner for major championships and showcasing its network capabilities. T-Mobile Brings America’s Best Network to the USGA
• Neutral Sentiment: An industry article suggested T-Mobile’s joint venture with AT&T and Verizon to improve direct-to-device coverage could also create opportunities for AST SpaceMobile, but the impact on TMUS itself appears indirect. AST SpaceMobile Could Benefit From A Major Telecom Industry Initiative
• Negative Sentiment: Reports about store closures, layoffs, and a controversial internal memo may reinforce concerns that T-Mobile’s digital-first transition could pressure customer service or create execution risk. T-Mobile quietly makes significant store changes after layoffs
• Negative Sentiment: Insider selling by COO Jon Freier, while pre-planned under a 10b5-1 program, can still weigh on sentiment in the near term. T-Mobile US COO Sells $911,810.00 in Stock

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.