Canandaigua National Bank & Trust Co. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,552 shares of the Wireless communications provider's stock, valued at approximately $1,446,000.
A number of other large investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after acquiring an additional 876,182 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider's stock worth $51,586,000 after purchasing an additional 248,828 shares during the last quarter. Swedbank AB grew its position in T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Passumpsic Savings Bank purchased a new stake in T-Mobile US in the 3rd quarter valued at about $2,634,000. Finally, Raymond James Trust N.A. lifted its position in shares of T-Mobile US by 55.2% during the 3rd quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider's stock worth $7,378,000 after buying an additional 12,712 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on the company. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Barclays lifted their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.74.
View Our Latest Analysis on T-Mobile US
T-Mobile US Price Performance
NASDAQ:TMUS traded down $0.04 during trading hours on Tuesday, hitting $212.34. 5,038,443 shares of the company's stock traded hands, compared to its average volume of 4,066,741. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The business's fifty day simple moving average is $231.22 and its two-hundred day simple moving average is $208.36. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $246.42 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.18 and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio (DPR) is currently 40.14%.
Insider Transactions at T-Mobile US
In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company's stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares in the company, valued at $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 ninety days, insiders sold 206,969 shares of company stock valued at $46,656,527. Insiders own 0.67% of the company's stock.
T-Mobile US Company Profile
(
Free Report)
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.
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