Raymond James Trust N.A. Has $7.38 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Raymond James Trust N.A. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 55.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,752 shares of the Wireless communications provider’s stock after buying an additional 12,712 shares during the period. Raymond James Trust N.A.’s holdings in T-Mobile US were worth $7,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Legal & General Group Plc boosted its position in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after buying an additional 184,059 shares during the period. Boston Partners increased its stake in shares of T-Mobile US by 1.1% in the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock valued at $424,025,000 after acquiring an additional 28,045 shares in the last quarter. TD Asset Management Inc lifted its position in shares of T-Mobile US by 5.9% during the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock valued at $404,269,000 after acquiring an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after acquiring an additional 47,350 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.5 %

T-Mobile US stock opened at $236.56 on Friday. The firm has a market capitalization of $274.52 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 1.19 and a beta of 0.50. The firm has a 50 day simple moving average of $218.87 and a 200 day simple moving average of $194.40. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Barclays upped their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,456 shares of company stock valued at $73,405,131. Corporate insiders own 0.67% of the company’s stock.

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.