Community Trust & Investment Co. Sells 4,931 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Community Trust & Investment Co. lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,698 shares of the Wireless communications provider’s stock after selling 4,931 shares during the quarter. Community Trust & Investment Co.’s holdings in T-Mobile US were worth $17,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. increased its holdings in T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank bought a new stake in T-Mobile US in the fourth quarter valued at about $1,802,393,000. Capital International Investors increased its holdings in T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in T-Mobile US by 85.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TMUS. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Wall Street Zen cut T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Stock Performance

TMUS opened at $228.00 on Monday. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The firm has a market capitalization of $258.88 billion, a PE ratio of 23.58, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business’s 50-day simple moving average is $246.27 and its 200 day simple moving average is $243.82.

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

T-Mobile US Dividend Announcement

The business 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.54%. T-Mobile US’s payout ratio is presently 34.34%.

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.