Canandaigua National Trust Co of Florida Makes New Investment in T-Mobile US, Inc. $TMUS

Canandaigua National Trust Co of Florida purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,946 shares of the Wireless communications provider’s stock, valued at approximately $970,000.

Other large investors also recently modified their holdings of the company. Canandaigua National Bank & Trust Co. increased its stake in shares of T-Mobile US by 45.3% in the third quarter. Canandaigua National Bank & Trust Co. now owns 13,206 shares of the Wireless communications provider’s stock valued at $2,154,000 after buying an additional 4,117 shares during the period. American National Bank & Trust boosted its position in T-Mobile US by 17.1% during the 3rd quarter. American National Bank & Trust now owns 10,814 shares of the Wireless communications provider’s stock worth $1,764,000 after buying an additional 1,581 shares during the period. Moody National Bank Trust Division grew its holdings in T-Mobile US by 49.2% during the 3rd quarter. Moody National Bank Trust Division now owns 5,553 shares of the Wireless communications provider’s stock worth $906,000 after acquiring an additional 1,832 shares during the last quarter. Legacy Private Trust Co. grew its holdings in T-Mobile US by 3.2% during the 3rd quarter. Legacy Private Trust Co. now owns 2,710 shares of the Wireless communications provider’s stock worth $442,000 after acquiring an additional 85 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in T-Mobile US by 25.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,168 shares of the Wireless communications provider’s stock valued at $354,000 after acquiring an additional 433 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

T-Mobile US Trading Up 1.0%

Shares of NASDAQ:TMUS traded up $1.72 during midday trading on Wednesday, reaching $167.65. The company’s 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 fifty-two week low of $160.81 and a fifty-two week high of $231.02. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a 50 day moving average price of $175.82 and a two-hundred day moving average price of $185.12. The firm has a market capitalization of $179.83 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.04 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the firm posted $2.84 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 11.02 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TMUS shares. KeyCorp dropped their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Benchmark decreased their price objective on T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a report on Friday, July 24th. Barclays cut their target price on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. UBS Group reduced their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.84.

About T-Mobile US

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.