9,286 Shares in T-Mobile US, Inc. $TMUS Acquired by Hilltop National Bank

Key Points

• Hilltop National Bank acquired 9,286 shares of T-Mobile US, valued at approximately $2.2 million, marking the bank's entry into the wireless communications sector.
• Insider trading included a significant sell-off where Director Telekom Ag Deutsche sold 64,426 shares for over $15 million, reflecting a slight decrease in ownership.
• T-Mobile US recently declared an increased quarterly dividend of $1.02 per share, up from $0.88, indicating a commitment to returning value to shareholders.

Hilltop National Bank acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,286 shares of the Wireless communications provider's stock, valued at approximately $2,212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in shares of T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after purchasing an additional 844,932 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in T-Mobile US by 4.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after purchasing an additional 169,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in T-Mobile US by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider's stock valued at $878,925,000 after purchasing an additional 65,394 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $239.54, for a total value of $15,432,604.04. Following the sale, the director owned 634,112,640 shares in the company, valued at approximately $151,895,341,785.60. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,584,633 shares of company stock valued at $623,559,263 in the last quarter. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wolfe Research lowered their price target on shares of T-Mobile US from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Tuesday. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Morgan Stanley lifted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target on the stock. Finally, Moffett Nathanson lifted their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $262.50.

T-Mobile US Trading Down 1.3%

Shares of TMUS opened at $230.14 on Friday. The company's fifty day moving average is $244.83 and its 200 day moving average is $244.31. T-Mobile US, Inc. has a fifty-two week low of $206.18 and a fifty-two week high of $276.49. The stock has a market capitalization of $259.00 billion, a PE ratio of 21.71, a P/E/G ratio of 1.28 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. T-Mobile US's quarterly revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 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 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

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.

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