T-Mobile US, Inc. $TMUS Shares Sold by Riverview Trust Co

Riverview Trust Co lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 82.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140 shares of the Wireless communications provider’s stock after selling 676 shares during the quarter. Riverview Trust Co’s holdings in T-Mobile US were worth $33,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in TMUS. Activest Wealth Management increased its stake in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. grew its holdings in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 60 shares during the period. Missouri Trust & Investment Co boosted its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter worth approximately $29,000. Finally, TCTC Holdings LLC boosted its position in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TMUS shares. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. KeyCorp reissued an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.26.

T-Mobile US Price Performance

Shares of TMUS stock opened at $233.26 on Thursday. The company has a market capitalization of $262.52 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. The firm has a fifty day simple moving average of $245.18 and a 200-day simple moving average of $244.51. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a twelve month low of $205.39 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.7%. T-Mobile US’s payout ratio is 33.21%.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,415 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $238.11, for a total transaction of $15,337,855.65. Following the completion of the sale, the director owned 634,177,066 shares in the company, valued at $151,003,901,185.26. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 2,520,207 shares of company stock worth $608,126,659. 0.37% of the stock is owned by company insiders.

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.