T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,046 shares of the Wireless communications provider's stock after selling 3,167 shares during the period. T-Mobile US comprises about 1.6% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 21st largest position. Cardinal Capital Management Inc.'s holdings in T-Mobile US were worth $47,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in TMUS. Norges Bank purchased a new position in T-Mobile US during the 4th quarter worth $1,802,393,000. GAMMA Investing LLC lifted its holdings in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after buying an additional 3,043,173 shares during the period. Canada Pension Plan Investment Board grew its position in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of T-Mobile US during the 4th quarter worth $452,721,000. Finally, Capital International Investors increased its stake in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $0.97 during trading hours on Tuesday, hitting $236.98. 3,766,899 shares of the company were exchanged, compared to its average volume of 4,119,084. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The stock has a market capitalization of $269.08 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.55 and a beta of 0.64. The company's 50 day moving average price is $247.96 and its 200-day moving average price is $244.19.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The business's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US's payout ratio is presently 34.34%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TMUS shares. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US 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.