T-Mobile US, Inc. $TMUS Shares Acquired by Penobscot Investment Management Company Inc.

Key Points

• Penobscot Investment Management has increased its stake in T-Mobile US by 14.4%, owning 14,221 shares worth approximately $3.39 million.
• T-Mobile US reported a quarterly EPS of $2.84, exceeding analysts’ expectations, and revenue of $21.13 billion, a 6.9% increase year-over-year.
• The company announced a quarterly dividend of $1.02, representing an annualized yield of 1.8%, an increase from its previous dividend of $0.88.

Penobscot Investment Management Company Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,221 shares of the Wireless communications provider's stock after buying an additional 1,785 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in T-Mobile US were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TMUS. Activest Wealth Management raised its position in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares during the period. Godsey & Gibb Inc. raised its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the period. Missouri Trust & Investment Co raised its position in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 105 shares during the period. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US in the 1st quarter worth $29,000. Finally, TCTC Holdings LLC raised its position in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.1%

NASDAQ:TMUS opened at $230.27 on Friday. The company has a market capitalization of $259.15 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. T-Mobile US, Inc. has a one year low of $206.18 and a one year high of $276.49. The stock has a 50-day simple moving average of $244.56 and a 200 day simple moving average of $244.10. 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 posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $2.49 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's payout ratio is 38.49%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 2,584,633 shares of company stock valued at $623,559,263 in the last three months. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on TMUS shares. Moffett Nathanson increased their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a research report on Thursday. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Weiss Ratings reissued a "buy (b)" rating on shares of T-Mobile US in a research report on Saturday, September 27th. Finally, Morgan Stanley raised their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $262.50.

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.

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