Cypress Capital Group Buys Shares of 3,292 T-Mobile US, Inc. $TMUS

Cypress Capital Group bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel reports. The firm bought 3,292 shares of the Wireless communications provider’s stock, valued at approximately $784,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Stone House Investment Management LLC acquired a new position in T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. Missouri Trust & Investment Co boosted its holdings in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in T-Mobile US in the 1st quarter valued at about $47,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director directly owned 628,039,751 shares of the company’s stock, valued at $142,043,750,483.67. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 2,359,321 shares of company stock worth $570,950,708. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Scotiabank boosted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Wolfe Research decreased their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. KeyCorp restated an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Morgan Stanley upped their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $265.13.

T-Mobile US Price Performance

Shares of TMUS opened at $228.79 on Monday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The firm’s 50 day moving average price is $243.36 and its 200 day moving average price is $242.71. The company has a market cap of $257.48 billion, a P/E ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm earned $2.49 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 38.49%.

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.