CIBC Private Wealth Group LLC Has $230.55 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

CIBC Private Wealth Group LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,069,742 shares of the Wireless communications provider’s stock after selling 345,987 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.09% of T-Mobile US worth $230,551,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in T-Mobile US during the 4th quarter worth $1,802,393,000. Raymond James Financial Inc. acquired a new position in shares of T-Mobile US in the fourth quarter valued at about $452,721,000. Barclays PLC grew its stake in shares of T-Mobile US by 38.3% in the third 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. Proficio Capital Partners LLC increased its position in T-Mobile US by 31,353.2% during the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock worth $140,172,000 after acquiring an additional 633,021 shares during the period. Finally, Wellington Management Group LLP raised its stake in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after purchasing an additional 602,786 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s 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 sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TMUS. Benchmark restated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Finally, KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. 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 stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $256.80.

T-Mobile US Trading Down 1.2 %

NASDAQ TMUS opened at $264.93 on Friday. The company has a market cap of $302.48 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average is $252.92 and its 200 day moving average is $232.89.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, sell-side analysts expect 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

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.