Montecito Bank & Trust Takes $879,000 Position in T-Mobile US, Inc. $TMUS

Montecito Bank & Trust acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,671 shares of the Wireless communications provider’s stock, valued at approximately $879,000.

Several other large investors have also bought and sold shares of TMUS. Canandaigua National Bank & Trust Co. raised its position in T-Mobile US by 3.7% in the third quarter. Canandaigua National Bank & Trust Co. now owns 6,966 shares of the Wireless communications provider’s stock worth $1,668,000 after acquiring an additional 246 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of T-Mobile US by 21.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,679,552 shares of the Wireless communications provider’s stock worth $402,051,000 after purchasing an additional 295,630 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $2,775,000. Old Port Advisors raised its holdings in shares of T-Mobile US by 6.2% in the 3rd quarter. Old Port Advisors now owns 1,265 shares of the Wireless communications provider’s stock worth $303,000 after purchasing an additional 74 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in shares of T-Mobile US by 45.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 2,535 shares of the Wireless communications provider’s stock worth $607,000 after purchasing an additional 789 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $238.98, for a total value of $15,396,525.48. Following the transaction, the director directly owned 634,241,492 shares of the company’s stock, valued at approximately $151,571,031,758.16. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 1,043,868 shares of company stock worth $238,762,618. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $200.27 on Friday. The company’s fifty day moving average is $211.51 and its two-hundred day moving average is $229.51. The company has a market cap of $224.00 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company posted $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TMUS shares. The Goldman Sachs Group reduced their target price on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a report on Friday, December 12th. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of T-Mobile US in a research report on Monday. Finally, Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $262.17.

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.