T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Increased by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 86.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,005 shares of the Wireless communications provider’s stock after acquiring an additional 23,158 shares during the period. T-Mobile US makes up about 2.3% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 9th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in T-Mobile US were worth $10,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMUS. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of T-Mobile US during the first quarter worth about $1,908,000. CFO4Life Group LLC acquired a new position in shares of T-Mobile US during the first quarter valued at about $932,000. NewEdge Advisors LLC lifted its stake in shares of T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after buying an additional 4,253 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TMUS. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. TD Cowen lifted their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer boosted their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their price target on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Price Performance

Shares of TMUS traded up $0.39 during trading hours on Monday, reaching $223.67. The company had a trading volume of 413,302 shares, compared to its average volume of 4,466,876. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $259.57 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.14 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $145.77 and a 12-month high of $234.56. The firm has a 50 day simple moving average of $208.90 and a 200-day simple moving average of $187.85.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Research analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 29.65%.

Insider Activity at T-Mobile US

In other news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 359,261 shares of company stock worth $72,263,430. Corporate insiders own 0.67% of the company’s stock.

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.