Cornercap Investment Counsel Inc. Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cornercap Investment Counsel Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 38.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,761 shares of the Wireless communications provider’s stock after selling 5,444 shares during the period. T-Mobile US comprises approximately 0.5% of Cornercap Investment Counsel Inc.’s holdings, making the stock its 22nd biggest holding. Cornercap Investment Counsel Inc.’s holdings in T-Mobile US were worth $1,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Business Financial Services Inc. grew its stake in shares of T-Mobile US by 7.6% during the 3rd quarter. First Business Financial Services Inc. now owns 14,343 shares of the Wireless communications provider’s stock valued at $2,960,000 after buying an additional 1,015 shares during the period. CIBC Asset Management Inc grew its stake in shares of T-Mobile US by 1.6% during the 3rd quarter. CIBC Asset Management Inc now owns 324,662 shares of the Wireless communications provider’s stock valued at $66,997,000 after buying an additional 5,154 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of T-Mobile US by 11.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,304 shares of the Wireless communications provider’s stock valued at $888,000 after buying an additional 430 shares during the period. Balboa Wealth Partners purchased a new stake in shares of T-Mobile US during the 3rd quarter valued at $245,000. Finally, Sycomore Asset Management grew its stake in shares of T-Mobile US by 90.8% during the 3rd quarter. Sycomore Asset Management now owns 63,037 shares of the Wireless communications provider’s stock valued at $12,812,000 after buying an additional 29,992 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMUS. Barclays upped their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Benchmark upped their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Finally, KeyCorp upped their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

TMUS opened at $237.75 on Friday. The firm has a market cap of $275.91 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a fifty-two week low of $145.77 and a fifty-two week high of $242.43. The company’s 50-day moving average price is $214.22 and its 200 day moving average price is $191.62. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio is 29.65%.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,924 shares of company stock worth $97,427,925. Insiders own 0.67% of the company’s stock.

T-Mobile US Company Profile

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.