Cape ANN Savings Bank Purchases New Shares in T-Mobile US, Inc. $TMUS

Cape ANN Savings Bank acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,537 shares of the Wireless communications provider’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after buying an additional 215,711 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares during the period. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares during the period. Franklin Resources Inc. boosted its position in T-Mobile US by 5.2% during the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after acquiring an additional 309,922 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $1,477,780,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 979,442 shares of company stock valued at $223,402,816. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research analyst reports. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Benchmark upped their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, Moffett Nathanson upped their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.17.

T-Mobile US Trading Up 1.0%

T-Mobile US stock opened at $197.67 on Wednesday. T-Mobile US, Inc. has a 12 month low of $194.01 and a 12 month high of $276.49. The company has a market capitalization of $221.10 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.26 and a beta of 0.44. The business’s fifty day simple moving average is $209.65 and its two-hundred day simple moving average is $228.31. The company has a current ratio of 0.89, a quick ratio of 0.80 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 the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $2.61 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.