Inspire Trust Co. N.A. Buys 1,000 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Inspire Trust Co. N.A. increased its holdings in T-Mobile US by 10%, now owning 11,000 shares valued at approximately $2.93 million.
• Other institutional investors, including GAMMA Investing LLC and Canada Pension Plan Investment Board, significantly boosted their stakes in T-Mobile US, reflecting growing confidence in the company.
• T-Mobile US has reported a quarterly earnings per share of $2.84, beating analyst expectations, alongside a declared quarterly dividend of $0.88 per share.

Inspire Trust Co. N.A. increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,000 shares of the Wireless communications provider's stock after acquiring an additional 1,000 shares during the quarter. Inspire Trust Co. N.A.'s holdings in T-Mobile US were worth $2,934,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC grew its position in T-Mobile US by 14.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 218,021 shares of the Wireless communications provider's stock worth $58,148,000 after purchasing an additional 27,702 shares in the last quarter. Oak Ridge Investments LLC boosted its position in T-Mobile US by 1.7% in the first quarter. Oak Ridge Investments LLC now owns 61,341 shares of the Wireless communications provider's stock valued at $16,360,000 after buying an additional 1,026 shares in the last quarter. OneAscent Investment Solutions LLC acquired a new position in T-Mobile US in the first quarter valued at about $493,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of T-Mobile US by 15.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 176,054 shares of the Wireless communications provider's stock worth $46,955,000 after purchasing an additional 23,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of T-Mobile US by 20.0% during the first quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 3,000 shares of the Wireless communications provider's stock valued at $800,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director owned 636,271,724 shares of the company's stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Callie R. Field sold 12,300 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the sale, the insider owned 110,891 shares in the company, valued at approximately $26,702,552.80. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,974,370 shares of company stock valued at $462,526,830 in the last ninety days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

TMUS traded up $2.9810 during trading on Tuesday, hitting $258.1610. 1,104,708 shares of the company traded hands, compared to its average volume of 4,313,196. The firm has a market cap of $290.54 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.39 and a beta of 0.62. The stock's fifty day moving average is $235.93 and its 200 day moving average is $247.58. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US's dividend payout ratio (DPR) is presently 33.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TMUS. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $256.31.

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.