Huntington National Bank Has $50.78 Million Stake in T-Mobile US, Inc. $TMUS

Huntington National Bank lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 45.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 212,143 shares of the Wireless communications provider’s stock after selling 174,115 shares during the quarter. Huntington National Bank’s holdings in T-Mobile US were worth $50,783,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter worth about $1,477,780,000. Marshall Wace LLP increased its position in T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after acquiring an additional 1,878,654 shares in the last quarter. Viking Global Investors LP raised its stake in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP acquired a new position in shares of T-Mobile US during the second quarter worth approximately $160,945,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares of the company’s stock, valued at $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 692,300 shares of company stock worth $150,426,595 over the last ninety days. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 1.8%

NASDAQ:TMUS opened at $217.09 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The firm has a market capitalization of $239.20 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.38 and a beta of 0.44. The business’s 50-day moving average price is $200.69 and its two-hundred day moving average price is $217.29.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Wells Fargo & Company boosted their target price on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Scotiabank dropped their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. Finally, Royal Bank Of Canada cut their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.09.

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.