Centennial Bank AR Sells 260 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Centennial Bank AR trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,379 shares of the Wireless communications provider’s stock after selling 260 shares during the period. Centennial Bank AR’s holdings in T-Mobile US were worth $1,300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TMUS. Evoke Wealth LLC bought a new stake in T-Mobile US in the 4th quarter valued at about $239,000. Jones Financial Companies Lllp grew its holdings in shares of T-Mobile US by 30.2% during the fourth quarter. Jones Financial Companies Lllp now owns 746 shares of the Wireless communications provider’s stock worth $120,000 after purchasing an additional 173 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of T-Mobile US by 4.9% during the fourth quarter. Belpointe Asset Management LLC now owns 3,988 shares of the Wireless communications provider’s stock worth $639,000 after purchasing an additional 187 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth about $353,000. Finally, First Trust Advisors LP boosted its stake in T-Mobile US by 120.5% in the fourth quarter. First Trust Advisors LP now owns 756,053 shares of the Wireless communications provider’s stock worth $121,218,000 after buying an additional 413,163 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the transaction, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. The disclosure for this sale can be found here. In the last three months, insiders sold 303,492 shares of company stock valued at $59,546,006. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.1 %

Shares of TMUS opened at $206.10 on Wednesday. The business’s 50 day moving average is $195.52 and its 200 day moving average is $178.59. The company has a market capitalization of $241.52 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $208.16. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. Research analysts expect that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Analysts Set New Price Targets

Several analysts have weighed in on TMUS shares. TD Cowen boosted their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Evercore ISI upped their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Royal Bank of Canada upped their target price on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Bank of America upped their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Benchmark upped their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Eighteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $214.36.

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.