Zions Bancorporation N.A. Sells 56 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Zions Bancorporation N.A. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571 shares of the Wireless communications provider’s stock after selling 56 shares during the quarter. Zions Bancorporation N.A.’s holdings in T-Mobile US were worth $118,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co grew 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 worth $25,000 after purchasing an additional 83 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the 2nd quarter worth about $27,000. Finally, Summit Securities Group LLC bought a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TMUS. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Scotiabank boosted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Tigress Financial boosted their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Transactions at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the sale, the director now directly owns 1,828,910 shares in the company, valued at $361,831,554.40. This trade represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock worth $97,427,925 over the last ninety days. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $235.61 on Friday. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43. The stock has a market cap of $273.42 billion, a PE ratio of 26.87, a PEG ratio of 1.23 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm’s fifty day moving average price is $215.03 and its two-hundred day moving average price is $191.94.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly 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 firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 29.65%.

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.