Kornitzer Capital Management Inc. KS Sells 516 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kornitzer Capital Management Inc. KS lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,888 shares of the Wireless communications provider’s stock after selling 516 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in T-Mobile US were worth $417,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TMUS. Stratos Wealth Advisors LLC grew its position in T-Mobile US by 9.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider’s stock worth $379,000 after purchasing an additional 153 shares during the last quarter. Whittier Trust Co. grew its position in T-Mobile US by 2.4% during the 3rd quarter. Whittier Trust Co. now owns 6,159 shares of the Wireless communications provider’s stock worth $1,271,000 after purchasing an additional 146 shares during the last quarter. Foundations Investment Advisors LLC grew its position in T-Mobile US by 2.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,117 shares of the Wireless communications provider’s stock worth $850,000 after purchasing an additional 90 shares during the last quarter. Oakworth Capital Inc. grew its position in T-Mobile US by 17.1% during the 3rd quarter. Oakworth Capital Inc. now owns 608 shares of the Wireless communications provider’s stock worth $125,000 after purchasing an additional 89 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in T-Mobile US by 17.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 14,255 shares of the Wireless communications provider’s stock worth $2,942,000 after purchasing an additional 2,127 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TMUS shares. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Finally, Scotiabank upped their price objective on shares of T-Mobile US from $234.00 to $247.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Stock Performance

TMUS opened at $263.35 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $300.68 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.58 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41. The firm’s fifty day simple moving average is $229.68 and its two-hundred day simple moving average is $220.35.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares in the company, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock valued at $747,378 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

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.