T-Mobile US, Inc. $TMUS Stake Boosted by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,000 shares of the Wireless communications provider’s stock after buying an additional 6,000 shares during the period. Inspire Trust Co. N.A.’s holdings in T-Mobile US were worth $4,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $6,625,275,000. Bank of New York Mellon Corp bought a new position in shares of T-Mobile US in the 2nd quarter worth approximately $839,194,000. Bank of America Corp DE bought a new position in shares of T-Mobile US in the 2nd quarter worth approximately $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of T-Mobile US by 1.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after purchasing an additional 43,783 shares during the period. Finally, Amundi lifted its stake in shares of T-Mobile US by 2.6% in the 2nd quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock valued at $633,255,000 after purchasing an additional 95,650 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $169.08 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $143.75 and a fifty-two week high of $224.75. The firm’s 50-day simple moving average is $164.48 and its two-hundred day simple moving average is $186.03. The stock has a market cap of $179.10 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm had revenue of $23.58 billion during the quarter, compared to analyst estimates of $23.15 billion. During the same period last year, the business earned $2.41 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a yield of 2.8%. T-Mobile US’s dividend payout ratio is 45.17%.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Benchmark dropped their price target on T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Royal Bank Of Canada reduced their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Barclays lowered their price objective on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. Finally, Scotiabank raised their price objective on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $235.13.

T-Mobile US Profile

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.