Huntington National Bank Trims Stock Position in T-Mobile US, Inc. $TMUS

Huntington National Bank cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,643 shares of the Wireless communications provider’s stock after selling 33,500 shares during the quarter. Huntington National Bank’s holdings in T-Mobile US were worth $36,272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in T-Mobile US by 4.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after buying an additional 19,486 shares during the period. Quilter Plc raised its stake in T-Mobile US by 7.8% in the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after buying an additional 33,813 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its holdings in T-Mobile US by 8.8% during the third quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after buying an additional 6,700 shares during the period. Longbow Finance SA lifted its holdings in T-Mobile US by 22.2% during the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock worth $7,648,000 after buying an additional 5,805 shares during the period. Finally, CI Investments Inc. lifted its holdings in T-Mobile US by 37.8% during the third quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock worth $18,583,000 after buying an additional 21,307 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $190.81 on Thursday. The firm’s fifty day simple moving average is $197.20 and its two-hundred day simple moving average is $201.96. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The firm has a market capitalization of $206.49 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the previous year, the company earned $2.58 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is currently 43.40%.

Insider Activity

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,090 shares of company stock valued at $2,618,500 over the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TMUS. Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of T-Mobile US in a report on Friday, April 10th. TD Cowen upped their target price on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Arete Research upped their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $260.48.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.