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

Huntington National Bank lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,143 shares of the Wireless communications provider’s stock after selling 174,115 shares during the period. Huntington National Bank’s holdings in T-Mobile US were worth $50,783,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new position in T-Mobile US in the 2nd quarter worth $25,000. United Community Bank lifted its position in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC grew its holdings in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in T-Mobile US in the 2nd quarter worth approximately $31,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TMUS shares. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Morgan Stanley dropped their price objective on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada cut their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $217.09 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market cap of $239.20 billion, a P/E ratio of 22.36, a PEG ratio of 1.38 and a beta of 0.44. The company’s 50-day simple moving average is $200.69 and its 200 day simple moving average is $217.29.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is 42.02%.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the transaction, the director directly owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. This represents a 36.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 692,300 shares of company stock valued at $150,426,595. 0.37% of the stock is owned by company insiders.

T-Mobile US Profile

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.