Cambridge Trust Co. Has $334,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cambridge Trust Co. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% during the first quarter, HoldingsChannel reports. The firm owned 2,044 shares of the Wireless communications provider’s stock after selling 105 shares during the quarter. Cambridge Trust Co.’s holdings in T-Mobile US were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares in the last quarter. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter worth approximately $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP boosted its stake in T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after buying an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC raised its stake in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.9 %

NASDAQ:TMUS traded up $1.69 on Friday, hitting $188.76. 7,922,756 shares of the company’s stock were exchanged, compared to its average volume of 4,072,309. The firm has a 50-day moving average price of $177.82 and a 200-day moving average price of $168.01. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $193.77. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86. The company has a market cap of $220.24 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the completion of the sale, the director now owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $162.43, for a total transaction of $30,808,098.10. Following the transaction, the director now directly owns 676,969,021 shares in the company, valued at $109,960,078,081.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,019,788 shares of company stock worth $685,706,726. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several analyst reports. Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday. Benchmark boosted their price objective on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $196.75.

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.