Huntington National Bank Reduces Position in T-Mobile US, Inc. $TMUS

Huntington National Bank cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 15.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 178,643 shares of the Wireless communications provider’s stock after selling 33,500 shares during the quarter. Huntington National Bank’s holdings in T-Mobile US were worth $36,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Millington Financial Advisors LLC acquired a new position in shares of T-Mobile US in the fourth quarter valued at about $1,991,000. Collaborative Wealth Managment Inc. purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $262,000. Bleakley Financial Group LLC boosted its position in T-Mobile US by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 13,124 shares of the Wireless communications provider’s stock valued at $2,665,000 after buying an additional 585 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its position in T-Mobile US by 19.8% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 345 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 57 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in T-Mobile US by 557.6% in the fourth quarter. Harbour Investments Inc. now owns 7,950 shares of the Wireless communications provider’s stock valued at $1,614,000 after buying an additional 6,741 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent research reports. Citigroup upped their target price on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. KeyCorp upgraded T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a research report on Monday, April 13th. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research report on Wednesday, April 29th. Finally, DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

Get Our Latest Report on T-Mobile US

Insider Activity

In other news, insider Andre Almeida acquired 5,097 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 13,090 shares of company stock worth $2,618,500. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.2%

NASDAQ TMUS opened at $190.81 on Thursday. The company has a market capitalization of $206.49 billion, a PE ratio of 20.30, a P/E/G ratio of 1.11 and a beta of 0.33. The company has a fifty day moving average of $197.20 and a 200 day moving average of $201.96. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 earnings per share. Research analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is 43.40%.

T-Mobile US Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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