T-Mobile US, Inc. $TMUS Stock Position Raised by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 45.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,206 shares of the Wireless communications provider’s stock after purchasing an additional 4,117 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in T-Mobile US were worth $2,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $25,000. Paladin Partners LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at about $25,000. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. Highland Investment Advisors LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at $30,000. Finally, Sachetta LLC boosted its holdings in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of the 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 sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.32% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.0%

NASDAQ TMUS traded up $1.72 during mid-day trading on Wednesday, reaching $167.65. The stock had a trading volume of 3,883,292 shares, compared to its average volume of 5,563,551. T-Mobile US, Inc. has a 1 year low of $160.81 and a 1 year high of $231.02. The stock has a market cap of $179.83 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.33. The company has a fifty day moving average price of $175.82 and a 200 day moving average price of $185.12. 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 (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the firm posted $2.84 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.8%. T-Mobile US’s dividend payout ratio is currently 42.72%.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Monday, July 6th. UBS Group lowered their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Scotiabank dropped their target price on T-Mobile US from $232.00 to $217.00 and set a “sector outperform” rating on the stock in a report on Friday, October 2nd. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price 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.