Sanibel Captiva Trust Company Inc. Acquires 4,215 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Sanibel Captiva Trust Company Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.2% in the first quarter, HoldingsChannel reports. The fund owned 45,701 shares of the Wireless communications provider’s stock after buying an additional 4,215 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in T-Mobile US were worth $12,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. boosted its stake in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the 4th quarter worth $28,000. Adirondack Trust Co. grew its stake in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares during the period. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 3.2%

TMUS stock opened at $237.95 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $270.18 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two week high of $276.49. The business has a 50-day moving average of $247.96 and a 200-day moving average of $244.19.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, August 29th. T-Mobile US’s payout ratio is 34.34%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMUS. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Company 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.