Greenleaf Trust Buys 152 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Greenleaf Trust boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,424 shares of the Wireless communications provider’s stock after acquiring an additional 152 shares during the quarter. Greenleaf Trust’s holdings in T-Mobile US were worth $1,945,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Summit Securities Group LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the second quarter worth $27,000. Westside Investment Management Inc. lifted its stake in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US during the second quarter valued at about $30,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TMUS shares. 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, August 1st. Evercore ISI raised their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. 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 report on Thursday, July 18th. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $219.94.

Insider Transactions at T-Mobile US

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.9 %

NASDAQ:TMUS opened at $220.95 on Thursday. The firm’s 50 day moving average is $204.75 and its 200 day moving average is $184.44. T-Mobile US, Inc. has a 12 month low of $137.69 and a 12 month high of $223.91. The stock has a market capitalization of $258.92 billion, a PE ratio of 30.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. Sell-side analysts expect that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

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.