Blue Trust Inc. Sells 114 Shares of T-Mobile US, Inc. $TMUS

Blue Trust Inc. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,706 shares of the Wireless communications provider’s stock after selling 114 shares during the quarter. Blue Trust Inc.’s holdings in T-Mobile US were worth $1,121,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management lifted its position 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 in the last quarter. Missouri Trust & Investment Co lifted its position in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Tsfg LLC bought a new position in T-Mobile US in the 1st quarter valued at about $47,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the transaction, the director directly owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 2,499,001 shares of company stock worth $602,845,239. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TMUS. BNP Paribas Exane raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Scotiabank lifted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Finally, Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $265.13.

T-Mobile US Trading Up 1.1%

Shares of TMUS stock opened at $228.79 on Friday. The company has a 50 day moving average of $243.36 and a 200-day moving average of $242.89. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The firm has a market cap of $257.48 billion, a P/E ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business posted $2.49 EPS. T-Mobile US’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

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.