Country Trust Bank Has $47.07 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Country Trust Bank lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,231 shares of the Wireless communications provider’s stock after selling 5,787 shares during the quarter. T-Mobile US makes up 1.2% of Country Trust Bank’s holdings, making the stock its 25th biggest position. Country Trust Bank’s holdings in T-Mobile US were worth $47,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Quantum Financial Planning Services Inc. acquired a new stake in T-Mobile US in the fourth quarter valued at $1,364,000. Sonora Investment Management Group LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $217,000. Cibc World Market Inc. raised its holdings in shares of T-Mobile US by 290.4% in the 4th quarter. Cibc World Market Inc. now owns 191,475 shares of the Wireless communications provider’s stock valued at $42,264,000 after purchasing an additional 142,426 shares during the period. Mediolanum International Funds Ltd lifted its stake in T-Mobile US by 55.3% in the 4th quarter. Mediolanum International Funds Ltd now owns 135,674 shares of the Wireless communications provider’s stock valued at $29,864,000 after purchasing an additional 48,319 shares during the last quarter. Finally, BDF Gestion grew its holdings in T-Mobile US by 55.9% during the fourth quarter. BDF Gestion now owns 17,152 shares of the Wireless communications provider’s stock worth $3,786,000 after purchasing an additional 6,152 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 0.3 %

Shares of T-Mobile US stock opened at $234.37 on Friday. The firm’s 50-day moving average price is $226.32 and its two-hundred day moving average price is $212.97. The company has a market capitalization of $271.98 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.17 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. On average, analysts forecast that T-Mobile US, Inc. will post 10.15 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 in the last ninety days. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. Morgan Stanley assumed coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. UBS Group lifted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Tigress Financial lifted their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $248.89.

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.