T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 9,410 shares of the Wireless communications provider’s stock after buying an additional 500 shares during the period. Plimoth Trust Co. LLC’s holdings in T-Mobile US were worth $1,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $27,000. Westside Investment Management Inc. raised its holdings in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of T-Mobile US during the second quarter worth approximately $36,000. Finally, Versant Capital Management Inc increased its position in T-Mobile US by 115.2% in the 2nd quarter. Versant Capital Management Inc now owns 213 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 114 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.5 %

TMUS traded up $0.98 during trading on Thursday, reaching $196.44. The company had a trading volume of 2,851,724 shares, compared to its average volume of 4,691,335. The firm’s 50-day simple moving average is $183.26 and its 200 day simple moving average is $171.04. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The company has a market cap of $230.20 billion, a price-to-earnings ratio of 26.73, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $198.79.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.32%. T-Mobile US’s payout ratio is presently 35.37%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TMUS. Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Scotiabank increased their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research report on Thursday, August 1st. Benchmark boosted their price target on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus target price of $198.63.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $165.66, for a total transaction of $31,420,732.20. Following the completion of the sale, the director now directly owns 674,313,641 shares in the company, valued at $111,706,797,768.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $165.66, for a total value of $31,420,732.20. Following the completion of the sale, the director now directly owns 674,313,641 shares of the company’s stock, valued at approximately $111,706,797,768.06. The disclosure for this sale can be found here. Insiders have sold 2,507,451 shares of company stock worth $439,652,175 in the last 90 days. Company 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.