T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,658 shares of the Wireless communications provider’s stock after selling 237 shares during the period. FineMark National Bank & Trust’s holdings in T-Mobile US were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC lifted its position in T-Mobile US by 10.2% in the fourth quarter. Ashton Thomas Securities LLC now owns 954 shares of the Wireless communications provider’s stock valued at $211,000 after purchasing an additional 88 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $28,000. Prudential Financial Inc. boosted its stake in shares of T-Mobile US by 11.0% in the fourth quarter. Prudential Financial Inc. now owns 572,453 shares of the Wireless communications provider’s stock valued at $126,358,000 after buying an additional 56,808 shares in the last quarter. Sheets Smith Investment Management acquired a new position in T-Mobile US during the fourth quarter worth $1,671,000. Finally, LPL Financial LLC raised its position in T-Mobile US by 27.1% in the fourth quarter. LPL Financial LLC now owns 428,424 shares of the Wireless communications provider’s stock worth $94,566,000 after acquiring an additional 91,387 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TMUS shares. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.80.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ:TMUS opened at $258.75 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $295.43 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.55 and a beta of 0.64. The stock’s 50-day moving average price is $249.99 and its two-hundred day moving average price is $231.69. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

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

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.67% of the stock is owned by company insiders.

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.