First Financial Corp IN Sells 325 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

First Financial Corp IN cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 65.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174 shares of the Wireless communications provider’s stock after selling 325 shares during the quarter. First Financial Corp IN’s holdings in T-Mobile US were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter valued at $3,338,708,000. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after buying an additional 4,241,877 shares during the last quarter. Putnam Investments LLC boosted its position in shares of T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after buying an additional 1,682,743 shares during the last quarter. Third Point LLC purchased a new stake in shares of T-Mobile US during the third quarter valued at $140,050,000. Finally, Royal Bank of Canada boosted its position in T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jon Freier sold 20,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total value of $3,287,600.00. Following the completion of the transaction, the insider now directly owns 172,628 shares of the company’s stock, valued at $28,376,590.64. The disclosure for this sale can be found here. Insiders sold a total of 6,512,248 shares of company stock valued at $1,086,228,100 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TMUS shares. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, May 29th. TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. 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. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and an average price target of $190.36.

T-Mobile US Trading Down 1.3 %

TMUS traded down $2.23 during trading hours on Wednesday, reaching $175.40. 1,925,597 shares of the company’s stock traded hands, compared to its average volume of 4,894,194. The firm has a 50-day moving average price of $168.91 and a 200 day moving average price of $164.18. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $182.67. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $205.54 billion, a PE ratio of 23.96, a PEG ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.