T-Mobile US, Inc. $TMUS Stock: First Citizens Bank & Trust Co. Raises Stake

First Citizens Bank & Trust Co. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 391.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,401 shares of the Wireless communications provider’s stock after buying an additional 5,099 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in T-Mobile US were worth $1,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. KMG Fiduciary Partners LLC increased its stake in shares of T-Mobile US by 9.2% in the third quarter. KMG Fiduciary Partners LLC now owns 11,104 shares of the Wireless communications provider’s stock valued at $1,811,000 after purchasing an additional 938 shares during the period. Sax Wealth Advisors LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $216,000. NorthCrest Asset Manangement LLC raised its holdings in shares of T-Mobile US by 2.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 58,189 shares of the Wireless communications provider’s stock valued at $9,968,000 after buying an additional 1,551 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of T-Mobile US by 6.5% during the third quarter. Avior Wealth Management LLC now owns 1,517 shares of the Wireless communications provider’s stock worth $247,000 after buying an additional 92 shares during the period. Finally, Perpetual Ltd boosted its position in shares of T-Mobile US by 140.1% during the third quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider’s stock worth $1,821,000 after buying an additional 6,517 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMUS shares. KeyCorp decreased their price objective on T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, July 24th. The Goldman Sachs Group lowered their target price on T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, September 25th. Wells Fargo & Company cut their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Scotiabank cut their target price on T-Mobile US from $217.00 to $212.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 9th. Finally, Barclays reduced their price target on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $244.65.

T-Mobile US Stock Performance

Shares of TMUS opened at $157.03 on Friday. The firm has a 50-day moving average price of $173.28 and a 200 day moving average price of $182.58. The firm has a market capitalization of $168.44 billion, a PE ratio of 14.94, a P/E/G ratio of 0.99 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 52-week low of $147.90 and a 52-week high of $230.54.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the company earned $2.84 EPS. T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 11.09 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 3.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s payout ratio is 42.72%.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by company insiders.

About T-Mobile US

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.