Community Trust & Investment Co. Increases Position in T-Mobile US, Inc. $TMUS

Community Trust & Investment Co. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,543 shares of the Wireless communications provider’s stock after acquiring an additional 1,845 shares during the period. Community Trust & Investment Co.’s holdings in T-Mobile US were worth $15,855,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TMUS. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the period. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during 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. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the first quarter valued at about $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. raised 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 valued at $37,000 after acquiring an additional 110 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.8%

NASDAQ TMUS opened at $239.45 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $243.47 and a two-hundred day simple moving average of $246.20. T-Mobile US, Inc. has a 12-month low of $195.47 and a 12-month high of $276.49. The stock has a market cap of $269.48 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was 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 the SEC website. Insiders have sold 2,681,554 shares of company stock worth $643,547,016 in the last quarter. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Royal Bank Of Canada raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.02.

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.