Sanibel Captiva Trust Company Inc. Has $9.16 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sanibel Captiva Trust Company Inc. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,486 shares of the Wireless communications provider’s stock after buying an additional 5,015 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in T-Mobile US were worth $9,157,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Swedbank AB raised its position in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after purchasing an additional 12,411 shares during the last quarter. Passumpsic Savings Bank acquired a new position in T-Mobile US during the 3rd quarter worth $2,634,000. Finally, Nordea Investment Management AB boosted its position in T-Mobile US by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after buying an additional 397,345 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. The trade was a 71.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,200 shares of company stock worth $37,407,303. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of recent research reports. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $255.00 to $240.00 in a research note on Monday, January 6th. Barclays increased their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein began coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $218.97 on Friday. The firm’s fifty day moving average price is $229.26 and its two-hundred day moving average price is $209.98. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The firm has a market capitalization of $254.11 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is presently 40.14%.

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.