Camden National Bank Lowers Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Camden National Bank decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,320 shares of the Wireless communications provider’s stock after selling 3,818 shares during the quarter. T-Mobile US accounts for approximately 2.5% of Camden National Bank’s holdings, making the stock its 4th biggest holding. Camden National Bank’s holdings in T-Mobile US were worth $16,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after buying an additional 602,786 shares during the period. FMR LLC raised its stake in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after acquiring an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock valued at $712,966,000 after purchasing an additional 85,012 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other news, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $265.24 on Friday. The company has a fifty day moving average price of $239.80 and a two-hundred day moving average price of $226.21. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $302.84 billion, a PE ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday. JPMorgan Chase & Co. raised their price target on T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $254.10.

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.