First National Bank of Mount Dora Trust Investment Services Buys 23,158 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

First National Bank of Mount Dora Trust Investment Services increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 86.3% during the third quarter, Holdings Channel reports. The fund owned 50,005 shares of the Wireless communications provider’s stock after purchasing an additional 23,158 shares during the quarter. T-Mobile US comprises approximately 2.3% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 9th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in T-Mobile US were worth $10,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. WASHINGTON TRUST Co lifted its position in T-Mobile US by 143.1% in 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 period. DT Investment Partners LLC lifted its holdings in shares of 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 during the period. Summit Securities Group LLC bought a new position in T-Mobile US during the second quarter valued at about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the second quarter worth about $27,000. Finally, MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 0.2 %

NASDAQ TMUS traded up $0.39 during trading on Monday, reaching $223.67. 413,302 shares of the stock traded hands, compared to its average volume of 4,466,876. The stock’s 50-day moving average price is $208.90 and its 200 day moving average price is $187.85. The firm has a market cap of $259.57 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50. T-Mobile US, Inc. has a fifty-two week low of $145.77 and a fifty-two week high of $234.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer increased their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group lifted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Citigroup increased their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 359,261 shares of company stock worth $72,263,430. 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.