M&T Bank Corp Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

M&T Bank Corp lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,759 shares of the Wireless communications provider's stock after selling 2,506 shares during the period. M&T Bank Corp's holdings in T-Mobile US were worth $9,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Godsey & Gibb Inc. grew its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $28,000. Adirondack Trust Co. increased its stake in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares during the period. Finally, City Holding Co. raised its holdings 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 acquiring an additional 43 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2%

T-Mobile US stock traded down $0.39 during trading hours on Friday, hitting $227.76. The stock had a trading volume of 3,093,664 shares, compared to its average volume of 4,103,401. The stock's 50-day moving average price is $237.45 and its 200-day moving average price is $243.54. The stock has a market capitalization of $258.61 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35.

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, topping analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. 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. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.61.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 907,470 shares of company stock valued at $209,055,386 in the last three months. 0.37% of the stock is owned by insiders.

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.