Glenview Trust Co Increases Stake in T-Mobile US, Inc. $TMUS

Glenview Trust Co raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 83,766 shares of the Wireless communications provider’s stock after acquiring an additional 5,547 shares during the quarter. Glenview Trust Co’s holdings in T-Mobile US were worth $20,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the second quarter valued at about $25,000. United Community Bank lifted its position in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the period. Aspect Partners LLC grew its stake in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $31,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This represents a 21.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. The Goldman Sachs Group raised their price target on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday. Finally, TD Cowen cut their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $256.65.

T-Mobile US Stock Up 2.2%

TMUS opened at $219.50 on Tuesday. The company has a market capitalization of $241.86 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44. The firm has a 50-day simple moving average of $197.16 and a two-hundred day simple moving average of $218.51. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.