Cardinal Capital Management Inc. Has $325,000 Stake in T-Mobile US, Inc. $TMUS

Cardinal Capital Management Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 99.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,937 shares of the Wireless communications provider’s stock after selling 192,666 shares during the quarter. Cardinal Capital Management Inc.’s holdings in T-Mobile US were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JDM Financial Group LLC increased its position in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Main Street Group LTD acquired a new position in shares of T-Mobile US during the first quarter worth $25,000. Swiss RE Ltd. bought a new stake in shares of T-Mobile US in the fourth quarter worth $29,000. Turning Point Benefit Group Inc. increased its holdings in T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, Sachetta LLC increased its holdings in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $178.59 on Wednesday. The firm has a 50 day moving average of $181.47 and a 200-day moving average of $194.39. The company has a market cap of $191.57 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is 42.72%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TMUS shares. Wells Fargo & Company lowered their price objective on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. KeyCorp lowered 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 report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

About T-Mobile US

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.