M&T Bank Corp Has $7.59 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

M&T Bank Corp cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,771 shares of the Wireless communications provider’s stock after selling 4,874 shares during the period. M&T Bank Corp’s holdings in T-Mobile US were worth $7,588,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in T-Mobile US during the 2nd quarter worth $27,000. Atomi Financial Group Inc. raised its stake in T-Mobile US by 27.9% in the 2nd quarter. Atomi Financial Group Inc. now owns 3,664 shares of the Wireless communications provider’s stock worth $646,000 after purchasing an additional 800 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in T-Mobile US by 6.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,439 shares of the Wireless communications provider’s stock valued at $6,772,000 after purchasing an additional 2,355 shares during the period. Checchi Capital Advisers LLC grew its position in shares of T-Mobile US by 1.2% during the 2nd quarter. Checchi Capital Advisers LLC now owns 7,088 shares of the Wireless communications provider’s stock worth $1,249,000 after purchasing an additional 87 shares in the last quarter. Finally, Conning Inc. increased its holdings in shares of T-Mobile US by 4.5% during the second quarter. Conning Inc. now owns 2,974 shares of the Wireless communications provider’s stock worth $524,000 after purchasing an additional 128 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.1 %

Shares of TMUS stock opened at $220.31 on Monday. T-Mobile US, Inc. has a twelve month low of $153.84 and a twelve month high of $248.15. The stock’s fifty day simple moving average is $231.64 and its 200 day simple moving average is $204.84. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $255.67 billion, a P/E ratio of 25.12, a P/E/G ratio of 1.18 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the previous year, the business posted $1.82 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 209,969 shares of company stock valued at $47,272,427 over the last 90 days. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Tigress Financial increased their target price on T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Evercore ISI upped their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup raised their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $247.58.

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.