Independence Bank of Kentucky Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Independence Bank of Kentucky boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 79.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,101 shares of the Wireless communications provider’s stock after buying an additional 2,260 shares during the quarter. Independence Bank of Kentucky’s holdings in T-Mobile US were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Softbank Group CORP. grew its stake in shares of T-Mobile US by 9.0% during the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider’s stock valued at $6,019,677,000 after purchasing an additional 3,566,400 shares during the period. State Street Corp grew its stake in shares of T-Mobile US by 3.7% during the 2nd quarter. State Street Corp now owns 24,733,273 shares of the Wireless communications provider’s stock valued at $3,435,452,000 after purchasing an additional 874,192 shares during the period. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $2,801,442,000. Morgan Stanley grew its stake in shares of T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after purchasing an additional 693,443 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TMUS. Morgan Stanley boosted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup boosted 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. UBS Group boosted their price objective on T-Mobile US from $180.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Wells Fargo & Company boosted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $184.00 price objective on shares of T-Mobile US in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus target price of $185.93.

Get Our Latest Research Report on T-Mobile US

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the sale, the chief executive officer now directly owns 496,036 shares of the company’s stock, valued at approximately $79,886,597.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders sold 5,728,897 shares of company stock worth $932,420,280 in the last three months. 0.70% of the stock is owned by company insiders.

T-Mobile US Trading Up 0.7 %

TMUS stock opened at $163.26 on Thursday. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market capitalization of $193.77 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.66 and a beta of 0.49. The business has a 50 day simple moving average of $162.57 and a two-hundred day simple moving average of $154.50.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same quarter in the previous year, the company earned $1.18 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 8.98 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. Shareholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.59%. T-Mobile US’s payout ratio is 37.52%.

T-Mobile US Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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