Riverview Trust Co Invests $134,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Riverview Trust Co purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 824 shares of the Wireless communications provider’s stock, valued at approximately $134,000.

Several other institutional investors have also made changes to their positions in TMUS. Rathbones Group PLC acquired a new stake in shares of T-Mobile US during the third quarter worth approximately $212,000. Acadian Asset Management LLC boosted its holdings in shares of T-Mobile US by 376.8% during the third quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock worth $122,000 after purchasing an additional 697 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of T-Mobile US during the third quarter worth approximately $560,000. LPL Financial LLC lifted its stake in T-Mobile US by 16.7% in the third quarter. LPL Financial LLC now owns 162,865 shares of the Wireless communications provider’s stock valued at $22,809,000 after acquiring an additional 23,334 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in T-Mobile US by 3.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,797 shares of the Wireless communications provider’s stock valued at $392,000 after acquiring an additional 100 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the completion of the sale, the director now directly owns 681,995,476 shares in the company, valued at approximately $110,394,607,700.12. The disclosure for this sale can be found here. Insiders have sold 6,434,996 shares of company stock valued at $1,069,616,724 in the last 90 days. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

TMUS stock traded up $0.01 on Tuesday, reaching $177.96. 1,800,834 shares of the company were exchanged, compared to its average volume of 4,884,766. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $182.67. The stock’s fifty day moving average price is $168.55 and its 200 day moving average price is $164.03. The firm has a market capitalization of $208.54 billion, a PE ratio of 24.21, a PEG ratio of 0.69 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. T-Mobile US’s revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.46%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TMUS shares. Citigroup lifted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. TD Cowen reduced their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. KeyCorp lifted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $190.36.

Check Out Our Latest Report on T-Mobile US

T-Mobile US Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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