Fulton Bank N.A. Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fulton Bank N.A. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,511 shares of the Wireless communications provider’s stock after selling 791 shares during the period. Fulton Bank N.A.’s holdings in T-Mobile US were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. grew its position in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the period. Westside Investment Management Inc. grew its position in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the period. Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US during the 4th quarter valued at $34,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of T-Mobile US by 52.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $2.77 during trading hours on Wednesday, reaching $192.63. The company’s stock had a trading volume of 2,035,830 shares, compared to its average volume of 4,764,627. The firm has a 50 day moving average price of $178.68 and a 200-day moving average price of $168.40. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $193.90. 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 stock has a market cap of $225.73 billion, a P/E ratio of 26.24, a P/E/G ratio of 0.76 and a beta of 0.51.

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

T-Mobile US Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s payout ratio is 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Scotiabank lifted their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 1st. Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Bank of America lifted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $196.75.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.23, for a total transaction of $31,149,504.10. Following the transaction, the director now directly owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.23, for a total transaction of $31,149,504.10. Following the transaction, the director now directly owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $163.20, for a total transaction of $3,264,000.00. Following the transaction, the chief executive officer now owns 458,124 shares in the company, valued at $74,765,836.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,640,448 shares of company stock worth $623,942,587. Insiders own 0.67% of the company’s stock.

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.