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

Canandaigua National Trust Co of Florida bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,718 shares of the Wireless communications provider’s stock, valued at approximately $600,000.

A number of other hedge funds also recently modified their holdings of TMUS. FMR LLC raised its holdings in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after purchasing an additional 602,786 shares during the last quarter. Franklin Resources Inc. increased its position in T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after buying an additional 397,345 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’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 completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,969 shares of company stock worth $46,656,527 over the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TMUS. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Benchmark boosted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Seven 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Down 3.1 %

Shares of NASDAQ TMUS traded down $6.73 during mid-day trading on Monday, reaching $212.38. 5,636,127 shares of the company’s stock traded hands, compared to its average volume of 3,379,101. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The stock has a market cap of $246.46 billion, a P/E ratio of 24.22, a PEG ratio of 1.18 and a beta of 0.56. The business has a 50-day simple moving average of $231.53 and a 200 day simple moving average of $208.11.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 firm had revenue of $20.16 billion during 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. On average, analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

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.