T-Mobile US, Inc. (NASDAQ:TMUS) Stake Lifted by M&T Bank Corp

M&T Bank Corp raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 39,265 shares of the Wireless communications provider’s stock after buying an additional 2,494 shares during the quarter. M&T Bank Corp’s holdings in T-Mobile US were worth $8,667,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its position in T-Mobile US by 67.4% in the 4th quarter. J.Safra Asset Management Corp now owns 1,960 shares of the Wireless communications provider’s stock valued at $432,000 after purchasing an additional 789 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of T-Mobile US by 0.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 240,782 shares of the Wireless communications provider’s stock valued at $53,148,000 after purchasing an additional 1,157 shares during the period. Synergy Investment Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $44,000. Charles Schwab Investment Management Inc. boosted its position in shares of T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after buying an additional 85,012 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in T-Mobile US by 3.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 82,663 shares of the Wireless communications provider’s stock worth $18,246,000 after buying an additional 2,617 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $262.95 on Friday. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The firm has a 50-day moving average of $238.96 and a two-hundred day moving average of $225.74. The firm has a market capitalization of $300.22 billion, a PE ratio of 27.19, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was 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 $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Sanford C. Bernstein initiated coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday. Barclays increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Scotiabank boosted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $254.10.

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.