T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Riverview Trust Co

Riverview Trust Co grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 909 shares of the Wireless communications provider’s stock after purchasing an additional 85 shares during the period. Riverview Trust Co’s holdings in T-Mobile US were worth $188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of T-Mobile US during the first quarter worth approximately $1,908,000. CFO4Life Group LLC purchased a new position in T-Mobile US in the first quarter valued at approximately $932,000. NewEdge Advisors LLC increased its stake in T-Mobile US by 13.6% in the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in T-Mobile US by 26.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after purchasing an additional 4,253 shares during the last quarter. Finally, Findlay Park Partners LLP increased its stake in T-Mobile US by 6.0% in the first quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock valued at $307,279,000 after purchasing an additional 107,100 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TMUS. Wells Fargo & Company increased their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Tigress Financial increased their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Cowen increased their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Scotiabank downgraded T-Mobile US from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $215.50 to $236.00 in a report on Friday. Finally, Royal Bank of Canada increased their price objective on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $217.50.

T-Mobile US Trading Up 0.6 %

T-Mobile US stock opened at $223.21 on Friday. The stock has a market cap of $261.57 billion, a PE ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 0.51. The stock has a 50-day moving average price of $203.23 and a 200 day moving average price of $183.05. T-Mobile US, Inc. has a 52 week low of $136.85 and a 52 week high of $223.45. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the business posted $1.86 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

Insider Activity

In other news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock valued at $69,411,130 in the last three months. Corporate insiders own 0.67% of the company’s stock.

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.