AMG National Trust Bank Invests $991,000 in T-Mobile US, Inc. $TMUS

Key Points

• AMG National Trust Bank acquired 5,907 T-Mobile US shares in the second quarter, valued at approximately $991,000. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion, slightly below expectations.
• The company declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $252.08.

AMG National Trust 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 disclosure with the SEC. The firm acquired 5,907 shares of the Wireless communications provider's stock, valued at approximately $991,000.

Several other hedge funds have also recently bought and sold shares of TMUS. JDM Financial Group LLC increased its stake in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD bought a new stake in shares of T-Mobile US during the first quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $29,000. Turning Point Benefit Group Inc. boosted its position in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock worth $32,000 after buying an additional 153 shares during the period. Finally, Sachetta LLC grew its holdings in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock worth $33,000 after buying an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

TMUS opened at $182.61 on Monday. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The business has a 50 day moving average price of $181.60 and a two-hundred day moving average price of $194.27.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period last year, the company posted $2.84 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US's payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the sale, the chief operating officer directly owned 217,168 shares of the company's stock, valued at approximately $41,261,920. This represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, July 20th. KeyCorp reduced their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Bank of America raised T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a report on Monday, July 6th. Finally, Benchmark cut their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.08.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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