Central Bank & Trust Co. Invests $203,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Central Bank & Trust Co. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 920 shares of the Wireless communications provider’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Harbor Investment Advisory LLC boosted its holdings in shares of T-Mobile US by 5.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 8,740 shares of the Wireless communications provider’s stock valued at $1,929,000 after buying an additional 450 shares in the last quarter. Gemmer Asset Management LLC purchased a new stake in T-Mobile US during the fourth quarter valued at approximately $225,000. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in T-Mobile US by 6.1% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,855 shares of the Wireless communications provider’s stock valued at $1,292,000 after acquiring an additional 338 shares in the last quarter. Trueblood Wealth Management LLC grew its holdings in T-Mobile US by 16.9% in the fourth quarter. Trueblood Wealth Management LLC now owns 3,429 shares of the Wireless communications provider’s stock worth $757,000 after purchasing an additional 496 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of T-Mobile US by 20.6% during the fourth quarter. Grove Bank & Trust now owns 914 shares of the Wireless communications provider’s stock worth $202,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS opened at $218.97 on Tuesday. The firm has a fifty day moving average price of $228.93 and a 200 day moving average price of $210.69. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The stock has a market cap of $254.11 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.09 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.3 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Evercore ISI upped their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Finally, BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This represents a 7.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,200 shares of company stock valued at $37,407,303. Company insiders own 0.67% 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.