UMB Bank n.a. Acquires 1,679 Shares of T-Mobile US, Inc. $TMUS

Key Points

• UMB Bank n.a. increased its holdings in T-Mobile US, Inc. by 6.8% during the second quarter, ending with 26,422 shares valued at approximately $6.3 million.
• T-Mobile US also announced a quarterly dividend increase to $1.02, up from $0.88, with a dividend yield of 1.7% for shareholders on record by November 26th.
• Insider activity saw a 64,426 shares sale by Director Telekom Ag Deutsche, valued at over $15 million, reflecting ongoing significant trading within the company.

UMB Bank n.a. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,422 shares of the Wireless communications provider's stock after acquiring an additional 1,679 shares during the quarter. UMB Bank n.a.'s holdings in T-Mobile US were worth $6,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management increased its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. grew its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the first quarter valued at about $29,000. TCTC Holdings LLC lifted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the period. Finally, Adirondack Trust Co. lifted its stake in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Royal Bank Of Canada boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Stock Down 0.3%

Shares of TMUS traded down $0.66 during midday trading on Friday, hitting $238.17. The company had a trading volume of 7,442,087 shares, compared to its average volume of 3,938,651. T-Mobile US, Inc. has a 52 week low of $197.46 and a 52 week high of $276.49. The company's 50 day moving average price is $243.89 and its 200 day moving average price is $245.54. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $268.04 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.31 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $2.49 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is currently 33.21%.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 2,611,714 shares of company stock valued at $628,056,504. 0.37% of the stock is currently owned by company insiders.

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.