Eastern Bank Sells 1,780 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Eastern Bank decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,782 shares of the Wireless communications provider’s stock after selling 1,780 shares during the quarter. Eastern Bank’s holdings in T-Mobile US were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Cooper Financial Group raised its position in shares of T-Mobile US by 6.6% in the fourth quarter. Cooper Financial Group now owns 9,040 shares of the Wireless communications provider’s stock valued at $1,995,000 after purchasing an additional 562 shares during the period. Wedmont Private Capital increased its position in T-Mobile US by 6.6% during the fourth quarter. Wedmont Private Capital now owns 6,739 shares of the Wireless communications provider’s stock worth $1,424,000 after acquiring an additional 419 shares during the period. Asset Allocation & Management Company LLC bought a new position in T-Mobile US during the fourth quarter worth $314,000. Compton Wealth Advisory Group LLC increased its position in T-Mobile US by 2.1% during the fourth quarter. Compton Wealth Advisory Group LLC now owns 15,815 shares of the Wireless communications provider’s stock worth $3,491,000 after acquiring an additional 321 shares during the period. Finally, Capital Investment Advisors LLC bought a new position in T-Mobile US during the fourth quarter worth $219,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $213.46 on Tuesday. The stock has a 50-day simple moving average of $230.19 and a 200 day simple moving average of $209.64. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The stock has a market capitalization of $247.72 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.65%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 206,969 shares of company stock valued at $46,656,527. 0.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research report on Thursday, December 12th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $240.00 to $220.00 in a research report on Monday, January 6th. Morgan Stanley began coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Benchmark lifted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

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.