T-Mobile US, Inc. $TMUS Shares Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 45.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,206 shares of the Wireless communications provider’s stock after purchasing an additional 4,117 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in T-Mobile US were worth $2,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Main Street Group LTD bought a new position in shares of T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC acquired a new position in T-Mobile US during the second quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $27,000. Highland Investment Advisors LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $30,000. Finally, Sachetta LLC increased its position in shares of T-Mobile US by 52.9% during the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $1.72 during trading hours on Wednesday, hitting $167.65. 3,883,292 shares of the stock were exchanged, compared to its average volume of 5,563,551. The company’s fifty day simple moving average is $175.82 and its two-hundred day simple moving average is $185.12. The company has a market cap of $179.83 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.04 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $160.81 and a 1-year 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.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 11.02 EPS for the current year.

T-Mobile US Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on TMUS shares. The Goldman Sachs Group dropped their price objective on shares of T-Mobile US from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company reduced their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of T-Mobile US in a report on Friday, September 11th. Finally, Moffett Nathanson increased their price objective on T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. One equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $247.84.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

T-Mobile US Company Profile

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.