First National Trust Co Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

First National Trust Co trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,439 shares of the Wireless communications provider’s stock after selling 7,597 shares during the quarter. First National Trust Co’s holdings in T-Mobile US were worth $7,766,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TMUS. Clearbridge Investments LLC raised its position in shares of T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after purchasing an additional 2,071,489 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after acquiring an additional 1,190,813 shares in the last quarter. Third Point LLC bought a new position in T-Mobile US during the 3rd quarter valued at $140,050,000. Royal Bank of Canada grew its holdings in T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after acquiring an additional 693,443 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of T-Mobile US by 67.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock worth $226,046,000 after purchasing an additional 649,178 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMUS shares. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Tigress Financial boosted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Royal Bank of Canada raised their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $186.33.

Insiders Place Their Bets

In related news, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the sale, the director now owns 13,014 shares in the company, valued at $2,105,665.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the completion of the sale, the director now owns 677,158,691 shares in the company, valued at $111,480,635,299.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,359,509 shares of company stock worth $1,033,407,661. 0.70% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS traded down $0.31 during mid-day trading on Friday, reaching $164.60. 4,274,939 shares of the company’s stock traded hands, compared to its average volume of 4,389,829. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The business’s 50-day moving average price is $162.69 and its 200-day moving average price is $157.76. The stock has a market capitalization of $192.89 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.58%. T-Mobile US’s payout ratio is 35.37%.

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.