CENTRAL TRUST Co Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

CENTRAL TRUST Co lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,640 shares of the Wireless communications provider's stock after selling 1,328 shares during the quarter. CENTRAL TRUST Co's holdings in T-Mobile US were worth $12,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. lifted its position in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares during the period. Norges Bank acquired a new stake in T-Mobile US in the 4th quarter worth about $1,802,393,000. Capital International Investors boosted its stake in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $228.75, for a total value of $15,975,900.00. Following the transaction, the director now owns 588,413,779 shares in the company, valued at approximately $134,599,651,946.25. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Up 1.3%

NASDAQ TMUS opened at $230.99 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The business has a 50 day moving average price of $245.97 and a two-hundred day moving average price of $243.71. The stock has a market cap of $262.28 billion, a PE ratio of 23.89, a P/E/G ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. T-Mobile US's payout ratio is currently 34.34%.

T-Mobile US 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.