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

Canandaigua National Trust Co of Florida purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,718 shares of the Wireless communications provider’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. Dunhill Financial LLC boosted its stake in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 56 shares during the period. MFA Wealth Advisors LLC grew its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares in the last quarter. Y.D. More Investments Ltd bought a new position in T-Mobile US in the 2nd quarter worth about $27,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US during the 3rd quarter valued at about $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 3.1 %

Shares of TMUS traded down $6.73 during mid-day trading on Monday, reaching $212.38. The company had a trading volume of 5,636,127 shares, compared to its average volume of 3,379,101. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $246.46 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. The firm has a 50-day moving average price of $231.53 and a 200 day moving average price of $208.11. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.66%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling at T-Mobile US

In related news, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. The trade was a 40.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,969 shares of company stock worth $46,656,527. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMUS. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Barclays increased their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Scotiabank lifted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.74.

About T-Mobile US

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.