Country Trust Bank Purchases 3,971 Shares of T-Mobile US, Inc. $TMUS

Country Trust Bank lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,239 shares of the Wireless communications provider’s stock after acquiring an additional 3,971 shares during the period. Country Trust Bank’s holdings in T-Mobile US were worth $40,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after buying an additional 636,192 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.7% during the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors lifted its position in shares of T-Mobile US by 5.5% during the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after buying an additional 453,096 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TMUS shares. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Morgan Stanley dropped their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Barclays increased their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $257.26.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. This trade represents a 36.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

T-Mobile US stock opened at $198.61 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $218.84 billion, a PE ratio of 20.45, a P/E/G ratio of 1.32 and a beta of 0.43. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $267.96. The stock has a 50-day moving average price of $209.54 and a two-hundred day moving average price of $210.02.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

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.