Trust Co. of Toledo NA OH Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Trust Co. of Toledo NA OH raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,130 shares of the Wireless communications provider’s stock after purchasing an additional 73 shares during the period. Trust Co. of Toledo NA OH’s holdings in T-Mobile US were worth $249,000 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 TMUS. American Century Companies Inc. raised its holdings in shares of T-Mobile US by 22.7% in the second quarter. American Century Companies Inc. now owns 301,943 shares of the Wireless communications provider’s stock worth $53,196,000 after buying an additional 55,801 shares during the period. Parallel Advisors LLC raised its holdings in shares of T-Mobile US by 12.7% in the second quarter. Parallel Advisors LLC now owns 11,205 shares of the Wireless communications provider’s stock worth $1,974,000 after buying an additional 1,262 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in shares of T-Mobile US in the second quarter worth approximately $323,000. Oppenheimer Asset Management Inc. grew its stake in T-Mobile US by 7.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,632 shares of the Wireless communications provider’s stock worth $3,635,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in T-Mobile US by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 996,703 shares of the Wireless communications provider’s stock worth $175,599,000 after purchasing an additional 112,979 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $213.46 on Tuesday. The firm has a market capitalization of $247.72 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business has a fifty day moving average of $230.19 and a 200 day moving average of $209.64. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. As a group, research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.65%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,969 shares of company stock worth $46,656,527 in the last 90 days. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Barclays increased their price objective 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. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup increased their price objective on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Oppenheimer increased their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, UBS Group increased their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

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.