Grove Bank & Trust Has $147,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Grove Bank & Trust lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 836 shares of the Wireless communications provider’s stock after selling 88 shares during the quarter. Grove Bank & Trust’s holdings in T-Mobile US were worth $147,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $27,000. Westside Investment Management Inc. increased its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 76 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in T-Mobile US in the second quarter worth $36,000. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $167.13, for a total transaction of $31,699,547.10. Following the sale, the director now directly owns 674,123,971 shares of the company’s stock, valued at approximately $112,666,339,273.23. The disclosure for this sale can be found here. Insiders have sold a total of 2,317,781 shares of company stock worth $408,231,443 over the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $2.14 during trading on Friday, reaching $198.58. The company had a trading volume of 2,481,123 shares, compared to its average volume of 4,677,770. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $199.15. The business’s 50 day moving average price is $183.71 and its 200-day moving average price is $171.29. The stock has a market cap of $232.71 billion, a PE ratio of 27.02, a PEG ratio of 0.76 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter last year, the business posted $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts expect that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target for the company. Tigress Financial lifted their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Barclays boosted their price target on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $198.63.

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.