Sanibel Captiva Trust Company Inc. Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sanibel Captiva Trust Company Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,701 shares of the Wireless communications provider's stock after purchasing an additional 4,215 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in T-Mobile US were worth $12,189,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TMUS. Tallon Kerry Patrick acquired a new stake in T-Mobile US during the 4th quarter worth approximately $2,138,000. Golden State Wealth Management LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $45,000. Vest Financial LLC raised its position in T-Mobile US by 11.0% during the 4th quarter. Vest Financial LLC now owns 4,049 shares of the Wireless communications provider's stock worth $894,000 after purchasing an additional 401 shares during the last quarter. Apollon Wealth Management LLC raised its position in T-Mobile US by 21.0% during the 4th quarter. Apollon Wealth Management LLC now owns 14,762 shares of the Wireless communications provider's stock worth $3,258,000 after purchasing an additional 2,562 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of T-Mobile US by 16.9% in the 4th quarter. Empowered Funds LLC now owns 20,617 shares of the Wireless communications provider's stock valued at $4,551,000 after buying an additional 2,977 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

T-Mobile US stock traded down $6.04 during trading on Wednesday, reaching $230.94. The company had a trading volume of 6,707,146 shares, compared to its average volume of 4,105,978. The firm's 50-day simple moving average is $247.34 and its 200 day simple moving average is $244.14. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $262.22 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

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

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Benchmark reaffirmed a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $257.68.

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.