Cornercap Investment Counsel Inc. Has $1.51 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cornercap Investment Counsel Inc. trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.9% during the fourth quarter, Holdings Channel reports. The firm owned 6,846 shares of the Wireless communications provider’s stock after selling 1,915 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in T-Mobile US were worth $1,511,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $1,552,000. Trust Co. of Vermont grew its position in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after purchasing an additional 2,865 shares during the period. Rice Partnership LLC bought a new stake in T-Mobile US during the 4th quarter valued at $7,678,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after buying an additional 49,775 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.2 %

Shares of T-Mobile US stock opened at $264.93 on Friday. 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 1 year low of $159.14 and a 1 year high of $276.49. The firm has a market cap of $302.48 billion, a PE ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64. The company has a 50 day simple moving average of $252.92 and a two-hundred day simple moving average of $232.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of analyst reports. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Finally, Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.