M&T Bank Corp Purchases 1,468 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

M&T Bank Corp boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,918 shares of the Wireless communications provider’s stock after purchasing an additional 1,468 shares during the period. M&T Bank Corp’s holdings in T-Mobile US were worth $7,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. Verdence Capital Advisors LLC lifted its holdings in T-Mobile US by 11.7% in the third quarter. Verdence Capital Advisors LLC now owns 2,384 shares of the Wireless communications provider’s stock valued at $334,000 after buying an additional 249 shares during the period. BluePath Capital Management LLC bought a new stake in T-Mobile US in the third quarter valued at $26,000. Mackenzie Financial Corp increased its stake in T-Mobile US by 9.3% in the third quarter. Mackenzie Financial Corp now owns 206,956 shares of the Wireless communications provider’s stock valued at $28,235,000 after purchasing an additional 17,596 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in T-Mobile US by 14.4% in the third quarter. Farmers & Merchants Investments Inc. now owns 5,410 shares of the Wireless communications provider’s stock valued at $758,000 after purchasing an additional 681 shares in the last quarter. Finally, WESPAC Advisors LLC increased its stake in T-Mobile US by 7.5% in the third quarter. WESPAC Advisors LLC now owns 10,373 shares of the Wireless communications provider’s stock valued at $1,453,000 after purchasing an additional 721 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.2 %

TMUS opened at $164.60 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The stock has a market cap of $192.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company’s 50-day moving average price is $162.69 and its two-hundred day moving average price is $157.99.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the sale, the director now owns 677,158,691 shares of the company’s stock, valued at approximately $111,480,635,299.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Michael J. Katz sold 6,655 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the sale, the director now directly owns 677,158,691 shares in the company, valued at approximately $111,480,635,299.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,347,487 shares of company stock valued at $1,031,462,501. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMUS. Raymond James lifted their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. Morgan Stanley boosted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Citigroup boosted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Finally, Tigress Financial boosted their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $186.33.

T-Mobile US Company Profile

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.