Canandaigua National Trust Co of Florida Takes $600,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Canandaigua National Trust Co of Florida bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,718 shares of the Wireless communications provider's stock, valued at approximately $600,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC raised its stake 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 buying an additional 876,182 shares during the period. International Assets Investment Management LLC raised 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 buying an additional 248,828 shares during the last quarter. Swedbank AB lifted 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 valued at $52,631,000 after acquiring an additional 12,411 shares in the last quarter. Passumpsic Savings Bank purchased a new position in shares of T-Mobile US during the third quarter valued at approximately $2,634,000. Finally, Raymond James Trust N.A. boosted its holdings in 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 acquiring an additional 12,712 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company's stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares of the company's stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,969 shares of company stock worth $46,656,527. Company insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TMUS shares. Wells Fargo & Company lowered T-Mobile US from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $240.00 to $220.00 in a report on Monday. Evercore ISI lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered shares of T-Mobile US from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $255.00 to $240.00 in a report on Monday. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Oppenheimer lifted 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 report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $245.74.

T-Mobile US Trading Down 3.1 %

Shares of NASDAQ:TMUS traded down $6.73 during trading on Monday, reaching $212.38. 5,638,353 shares of the company traded hands, compared to its average volume of 3,742,446. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The firm has a market capitalization of $246.46 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.18 and a beta of 0.56. The business's fifty day moving average is $231.53 and its 200-day moving average is $208.11.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, February 28th. T-Mobile US's payout ratio is 40.14%.

T-Mobile US Company 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.