Independence Bank of Kentucky Sells 4,954 Shares of T-Mobile US, Inc. $TMUS

Independence Bank of Kentucky lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 36.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,582 shares of the Wireless communications provider’s stock after selling 4,954 shares during the period. Independence Bank of Kentucky’s holdings in T-Mobile US were worth $1,439,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Main Street Group LTD acquired a new position in shares of T-Mobile US during the 1st quarter valued at about $25,000. JDM Financial Group LLC grew its holdings in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Paladin Partners LLC acquired a new stake in shares of T-Mobile US in the second quarter worth $25,000. Finally, Sachetta LLC lifted its stake in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.0%

Shares of NASDAQ TMUS opened at $182.16 on Wednesday. The stock has a market cap of $195.40 billion, a PE ratio of 19.07, a PEG ratio of 1.17 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $258.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The business has a fifty day moving average of $181.08 and a two-hundred day moving average of $192.99.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $2.84 earnings per share. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group dropped their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Bank of America upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Monday, July 6th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. Finally, Wells Fargo & Company cut their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

T-Mobile US Profile

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.