Cardinal Capital Management Inc. Has $40.22 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cardinal Capital Management Inc. lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 182,213 shares of the Wireless communications provider’s stock after selling 4,338 shares during the period. T-Mobile US makes up about 1.4% of Cardinal Capital Management Inc.’s holdings, making the stock its 21st largest position. Cardinal Capital Management Inc.’s holdings in T-Mobile US were worth $40,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DT Investment Partners LLC increased its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US in the third quarter worth approximately $34,000. Finally, Planning Capital Management Corp lifted its holdings in shares of T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,200 shares of company stock valued at $37,407,303. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 0.6 %

NASDAQ:TMUS opened at $218.18 on Thursday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The stock’s fifty day moving average price is $227.70 and its two-hundred day moving average price is $211.31. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $253.20 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.09 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, analysts expect that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on TMUS shares. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Barclays boosted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Oppenheimer increased their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company downgraded T-Mobile US from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $240.00 to $220.00 in a research note on Monday, January 6th. Finally, Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.