Cornercap Investment Counsel Inc. Sells 5,444 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

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

Several other institutional investors have also recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $237.75 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $242.43. The firm has a market cap of $275.91 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 1.23 and a beta of 0.50. The firm’s 50-day simple moving average is $214.22 and its 200 day simple moving average is $191.62.

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

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Insider Activity

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 111,882 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares of the company’s stock, valued at approximately $361,831,554.40. The trade was a 5.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 464,924 shares of company stock worth $97,427,925. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America increased their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Scotiabank increased their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Tigress Financial increased their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Three research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

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.