First National Trust Co Has $6.24 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

First National Trust Co reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,416 shares of the Wireless communications provider’s stock after selling 3,029 shares during the period. First National Trust Co’s holdings in T-Mobile US were worth $6,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in T-Mobile US by 10,134.7% in the 4th quarter. International Assets Investment Management LLC now owns 33,365 shares of the Wireless communications provider’s stock valued at $5,349,000 after acquiring an additional 33,039 shares in the last quarter. Van ECK Associates Corp increased its position in shares of T-Mobile US by 3.2% during the fourth quarter. Van ECK Associates Corp now owns 18,487 shares of the Wireless communications provider’s stock valued at $2,964,000 after purchasing an additional 566 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of T-Mobile US by 436.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,853 shares of the Wireless communications provider’s stock valued at $2,381,000 after purchasing an additional 12,083 shares in the last quarter. Aveo Capital Partners LLC lifted its position in T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after purchasing an additional 137 shares during the period. Finally, LSV Asset Management acquired a new stake in T-Mobile US during the fourth quarter worth $11,383,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $200.53 on Wednesday. The business has a fifty day moving average of $186.96 and a 200-day moving average of $173.36. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a twelve month low of $132.40 and a twelve month high of $205.28. The firm has a market cap of $234.99 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 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 company posted $1.86 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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 given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TMUS. Scotiabank increased their price objective on shares of T-Mobile US from $194.50 to $197.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Tigress Financial raised their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Barclays lifted their price objective on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $198.63.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at $1,114,995.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,568,854 shares of company stock valued at $281,624,519. 0.67% of the stock is currently owned by corporate insiders.

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.