Trust Co. of Toledo NA OH Boosts Stake in T-Mobile US, Inc. $TMUS

Trust Co. of Toledo NA OH grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,607 shares of the Wireless communications provider’s stock after buying an additional 337 shares during the period. Trust Co. of Toledo NA OH’s holdings in T-Mobile US were worth $383,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TMUS. GAMMA Investing LLC raised its holdings in shares of T-Mobile US by 10.2% during the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after purchasing an additional 1,059 shares during the last quarter. Focus Financial Network Inc. purchased a new position in shares of T-Mobile US during the first quarter worth $262,000. Relyea Zuckerberg Hanson LLC raised its holdings in shares of T-Mobile US by 7.2% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,378 shares of the Wireless communications provider’s stock worth $368,000 after purchasing an additional 92 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in shares of T-Mobile US by 5.9% during the first quarter. Everhart Financial Group Inc. now owns 1,415 shares of the Wireless communications provider’s stock worth $377,000 after purchasing an additional 79 shares during the last quarter. Finally, West Branch Capital LLC raised its holdings in shares of T-Mobile US by 27.2% during the first quarter. West Branch Capital LLC now owns 7,293 shares of the Wireless communications provider’s stock worth $1,945,000 after purchasing an additional 1,559 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Moffett Nathanson raised their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Benchmark raised their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Wolfe Research dropped their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, 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. Three 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 stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $265.13.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction dated 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 sale, the director owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,499,001 shares of company stock valued at $602,845,239 in the last quarter. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 1.1%

Shares of NASDAQ TMUS opened at $228.79 on Friday. The company’s 50-day simple moving average is $243.36 and its 200-day simple moving average is $242.89. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The firm has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. 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 (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating 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 business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the business earned $2.49 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

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