Country Trust Bank Sells 20,907 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Country Trust Bank lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,018 shares of the Wireless communications provider’s stock after selling 20,907 shares during the period. T-Mobile US accounts for about 1.1% of Country Trust Bank’s investment portfolio, making the stock its 29th biggest holding. Country Trust Bank’s holdings in T-Mobile US were worth $45,197,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in T-Mobile US by 200.0% in the 4th 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 increased its position in 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 worth $631,575,000 after acquiring an additional 1,682,743 shares during the period. Vanguard Group Inc. raised its position in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC grew its position in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Raymond James lowered T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Evercore ISI boosted their price target on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. KeyCorp increased their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Finally, Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Nineteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $216.36.

Insider Buying and Selling at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 306,492 shares of company stock worth $60,161,906. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 1.4 %

TMUS stock opened at $211.17 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a twelve month low of $136.85 and a twelve month high of $212.24. The company has a market cap of $247.46 billion, a P/E ratio of 28.73, a PEG ratio of 1.07 and a beta of 0.51. The business has a fifty day moving average of $198.09 and a 200-day moving average of $179.91.

T-Mobile US (NASDAQ:TMUS) last announced 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 during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. 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 business posted $1.86 EPS. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 47.89%.

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.