Huntington National Bank Has $82.39 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Huntington National Bank raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 373,266 shares of the Wireless communications provider's stock after buying an additional 11,973 shares during the quarter. Huntington National Bank's holdings in T-Mobile US were worth $82,391,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Dunhill Financial LLC lifted its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 56 shares during the period. Rakuten Securities Inc. increased its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the fourth quarter worth approximately $28,000. Financial Life Planners acquired a new stake in T-Mobile US in the fourth quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter valued at $34,000. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

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

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T-Mobile US Stock Performance

TMUS traded down $19.78 on Friday, hitting $248.11. The company had a trading volume of 7,947,288 shares, compared to its average volume of 4,194,725. The stock has a market cap of $283.28 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company's fifty day moving average price is $257.41 and its 200 day moving average price is $235.01. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.42%. T-Mobile US's payout ratio is 36.40%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TMUS shares. KeyCorp cut T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Scotiabank boosted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Oppenheimer increased their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. 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's stock. According to data from MarketBeat, the company currently has an average 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.