Cornercap Investment Counsel Inc. Has $1.51 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cornercap Investment Counsel Inc. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,846 shares of the Wireless communications provider's stock after selling 1,915 shares during the period. Cornercap Investment Counsel Inc.'s holdings in T-Mobile US were worth $1,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Rakuten Securities Inc. increased its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners acquired a new position in T-Mobile US during the 4th quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US during the third quarter worth approximately $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

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T-Mobile US Stock Down 1.6 %

Shares of TMUS stock traded down $4.34 on Wednesday, reaching $264.20. 1,330,056 shares of the company's stock traded hands, compared to its average volume of 4,156,300. The company has a market capitalization of $301.65 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The business's 50 day moving average price is $254.86 and its two-hundred day moving average price is $234.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is presently 36.40%.

Analyst Ratings Changes

A number of analysts have issued reports on TMUS shares. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Royal Bank of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, Oppenheimer lifted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

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.