5,946 Shares of T-Mobile US, Inc. $TMUS Bought by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,946 shares of the Wireless communications provider’s stock, valued at approximately $970,000.

A number of other institutional investors also recently made changes to their positions in TMUS. BlackRock Inc. bought a new position in shares of T-Mobile US during the second quarter worth approximately $6,625,275,000. State Street Corp boosted its stake in T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock valued at $5,133,198,000 after purchasing an additional 1,047,624 shares during the period. Invesco Ltd. grew its holdings in T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider’s stock valued at $1,772,638,000 after buying an additional 827,381 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in T-Mobile US by 13.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,958,610 shares of the Wireless communications provider’s stock valued at $1,006,796,000 after buying an additional 582,964 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in T-Mobile US during the 2nd quarter worth $839,194,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

TMUS stock traded up $1.72 during midday trading on Wednesday, reaching $167.65. The company had a trading volume of 3,883,292 shares, compared to its average volume of 5,563,551. The company has a market capitalization of $179.83 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $160.81 and a 1-year high of $231.02. The stock has a 50 day moving average price of $175.82 and a 200-day moving average price of $185.12.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the company earned $2.84 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 11.02 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. Wells Fargo & Company reduced their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Barclays dropped their price objective on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, September 29th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. JPMorgan Chase & Co. decreased their target price on shares of T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a research report on Monday, September 21st. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold 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 $247.84.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.