Cardinal Capital Management Inc. Has $40.51 Million Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Cardinal Capital Management Inc. reduced its stake in T-Mobile US by 5.0%, selling 9,027 shares, and now holds 170,019 shares, worth approximately $40.5 million.
• In institutional trading, multiple firms increased their stakes, with Farther Finance Advisors LLC boosting its position by 72.3% during the same quarter.
• T-Mobile US is set to increase its quarterly dividend from $0.88 to $1.02, to be paid out in December, reflecting a strong commitment to returning value to shareholders.

Cardinal Capital Management Inc. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,019 shares of the Wireless communications provider's stock after selling 9,027 shares during the quarter. T-Mobile US comprises about 1.3% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 22nd largest holding. Cardinal Capital Management Inc.'s holdings in T-Mobile US were worth $40,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the first quarter valued at about $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares in the last quarter. Finally, City Holding Co. raised its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $239.18, for a total value of $15,409,410.68. Following the completion of the sale, the director directly owned 634,628,048 shares in the company, valued at approximately $151,790,336,520.64. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 2,606,300 shares of company stock valued at $627,710,011. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Stock Up 1.2%

Shares of T-Mobile US stock traded up $2.82 during trading on Tuesday, hitting $240.26. 2,416,805 shares of the stock traded hands, compared to its average volume of 4,291,069. The stock has a market cap of $270.39 billion, a P/E ratio of 22.66, a PEG ratio of 1.31 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a twelve month low of $200.88 and a twelve month high of $276.49. The company has a fifty day moving average price of $244.07 and a two-hundred day moving average price of $245.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.7%. T-Mobile US's dividend payout ratio is presently 33.21%.

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.