M&T Bank Corp Sells 4,874 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

M&T Bank Corp decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,771 shares of the Wireless communications provider's stock after selling 4,874 shares during the quarter. M&T Bank Corp's holdings in T-Mobile US were worth $7,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Partners LLC lifted its position in shares of T-Mobile US by 5,690.0% during the 2nd quarter. ORG Partners LLC now owns 579 shares of the Wireless communications provider's stock valued at $102,000 after buying an additional 569 shares during the last quarter. PGGM Investments bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $953,000. Envestnet Portfolio Solutions Inc. lifted its holdings in T-Mobile US by 10.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 22,646 shares of the Wireless communications provider's stock worth $3,990,000 after purchasing an additional 2,208 shares in the last quarter. Westside Investment Management Inc. grew its holdings in T-Mobile US by 39.7% during the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 69 shares in the last quarter. Finally, Swedbank AB grew its holdings in T-Mobile US by 2.1% during the 2nd quarter. Swedbank AB now owns 242,633 shares of the Wireless communications provider's stock valued at $42,747,000 after buying an additional 5,013 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company's stock, valued at $24,571,741.10. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at approximately $989,166. The trade was a 19.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,869 shares of company stock worth $47,018,239 over the last quarter. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. UBS Group raised their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Evercore ISI upped their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday. They set a "market perform" rating and a $265.00 target price for the company. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $245.42.

T-Mobile US Stock Down 0.5 %

Shares of TMUS traded down $1.07 on Thursday, reaching $233.27. The stock had a trading volume of 4,066,961 shares, compared to its average volume of 4,359,495. The company has a 50-day simple moving average of $229.60 and a 200-day simple moving average of $202.22. The firm has a market capitalization of $270.71 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 12-month low of $153.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. 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.