Huntington National Bank Increases Stake in T-Mobile US, Inc. $TMUS

Huntington National Bank lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 386,258 shares of the Wireless communications provider’s stock after purchasing an additional 5,549 shares during the period. Huntington National Bank’s holdings in T-Mobile US were worth $92,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Activest Wealth Management lifted its stake in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the period. Missouri Trust & Investment Co grew its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $29,000. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of T-Mobile US during the 1st quarter valued at approximately $47,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $203.32 on Tuesday. The company has a market cap of $227.41 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a 50-day moving average of $234.21 and a two-hundred day moving average of $238.40. T-Mobile US, Inc. has a 1-year low of $202.73 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its 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. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the company posted $2.61 EPS. T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 2,252,901 shares of company stock valued at $540,251,450. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TMUS shares. Morgan Stanley decreased their price objective on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, October 28th. Zacks Research downgraded T-Mobile US from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Finally, Wolfe Research cut their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US 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.