Trust Co. of Vermont Takes $3.26 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• Trust Co. of Vermont initiated a $3.26 million position in T-Mobile US, purchasing 19,443 shares during the second quarter. Institutional investors collectively own 42.49% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $252.08, despite some recent target reductions.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02 per share, representing a 2.3% yield.

Trust Co. of Vermont purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 19,443 shares of the Wireless communications provider's stock, valued at approximately $3,261,000.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer upgraded T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 price objective on the stock in a research note on Wednesday, April 29th. The Goldman Sachs Group restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their target price on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Wall Street Zen upgraded T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Finally, Scotiabank lowered their price target on shares of T-Mobile US from $263.00 to $243.00 and set a "sector outperform" rating on the stock in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Trading Down 1.4%

T-Mobile US stock opened at $180.12 on Tuesday. The stock has a market cap of $193.21 billion, a P/E ratio of 18.86, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm's fifty day moving average price is $181.63 and its 200-day moving average price is $194.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by insiders.

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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