Fiduciary Trust Co Buys 1,644 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fiduciary Trust Co raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,586 shares of the Wireless communications provider’s stock after purchasing an additional 1,644 shares during the period. Fiduciary Trust Co’s holdings in T-Mobile US were worth $1,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DT Investment Partners LLC grew its stake in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. MFA Wealth Advisors LLC lifted its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter worth $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3 %

TMUS opened at $246.94 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market cap of $286.57 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $148.19 and a 12 month high of $248.15. The stock has a fifty day moving average price of $223.98 and a 200-day moving average price of $197.76.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS 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 period in the previous year, the company posted $1.82 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is presently 40.14%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Evercore ISI lifted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,750 shares of company stock worth $72,863,634. Insiders own 0.67% of the company’s stock.

About T-Mobile US

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.