First National Trust Co Sells 7,597 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

First National Trust Co cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,439 shares of the Wireless communications provider’s stock after selling 7,597 shares during the period. First National Trust Co’s holdings in T-Mobile US were worth $7,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. BluePath Capital Management LLC bought a new stake in shares of T-Mobile US during the third quarter worth $26,000. Valley National Advisers Inc. grew its holdings in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the last quarter. Baker Avenue Asset Management LP increased its position in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $34,000. Finally, Raleigh Capital Management Inc. lifted its position in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Down 0.2 %

NASDAQ:TMUS traded down $0.31 during trading hours on Friday, hitting $164.60. The stock had a trading volume of 4,274,939 shares, compared to its average volume of 4,389,829. The business’s 50 day moving average is $162.69 and its 200-day moving average is $157.76. The company has a market cap of $192.89 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now directly owns 126,616 shares in the company, valued at approximately $20,414,297.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold 6,359,509 shares of company stock worth $1,033,407,661 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Morgan Stanley raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Citigroup upped their price target on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. TD Cowen lowered their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $186.33.

T-Mobile US 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.