T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,408 shares of the Wireless communications provider’s stock after selling 198 shares during the period. First Hawaiian Bank’s holdings in T-Mobile US were worth $2,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. GAMMA Investing LLC increased its holdings in T-Mobile US by 41.4% in the 2nd quarter. GAMMA Investing LLC now owns 7,240 shares of the Wireless communications provider’s stock valued at $1,276,000 after purchasing an additional 2,120 shares in the last quarter. Transcend Capital Advisors LLC boosted its position in T-Mobile US by 29.4% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,110 shares of the Wireless communications provider’s stock valued at $372,000 after buying an additional 479 shares during the last quarter. Neville Rodie & Shaw Inc. boosted its position in T-Mobile US by 1.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 28,225 shares of the Wireless communications provider’s stock valued at $4,973,000 after buying an additional 360 shares during the last quarter. Quent Capital LLC boosted its position in T-Mobile US by 2.9% in the 1st quarter. Quent Capital LLC now owns 2,870 shares of the Wireless communications provider’s stock valued at $469,000 after buying an additional 80 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in T-Mobile US by 62.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the Wireless communications provider’s stock valued at $171,000 after buying an additional 401 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on TMUS. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Citigroup increased their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Bank of America increased their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Finally, Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $196.75.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $1.89 during trading hours on Monday, hitting $186.87. The stock had a trading volume of 6,375,096 shares, compared to its average volume of 4,783,778. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $193.77. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The firm has a market capitalization of $218.04 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 0.76 and a beta of 0.51. The stock’s fifty day simple moving average is $177.82 and its 200 day simple moving average is $168.07.

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, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.39%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $163.21, for a total transaction of $30,956,040.70. Following the completion of the sale, the director now directly owns 676,589,681 shares in the company, valued at $110,426,201,836.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $163.21, for a total transaction of $30,956,040.70. Following the completion of the sale, the director now directly owns 676,589,681 shares in the company, valued at $110,426,201,836.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jon Freier sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the completion of the transaction, the insider now directly owns 172,628 shares of the company’s stock, valued at approximately $28,376,590.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,830,118 shares of company stock worth $654,898,628. Corporate insiders own 0.67% of the company’s stock.

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.