CIBC Asset Management Inc Has $68.47 Million Stock Position in T-Mobile US, Inc. $TMUS

CIBC Asset Management Inc reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,018 shares of the Wireless communications provider’s stock after selling 3,189 shares during the period. CIBC Asset Management Inc’s holdings in T-Mobile US were worth $68,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the period. Aspect Partners LLC grew its position in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $31,000. Finally, Kilter Group LLC bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS opened at $186.03 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $276.49. The company has a fifty day simple moving average of $200.06 and a 200 day simple moving average of $222.40. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market cap of $208.08 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.02 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business earned $2.61 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Buying and Selling at T-Mobile US

In related news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the sale, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 170,764 shares of company stock valued at $37,483,463 over the last three months. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research analyst reports. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Wolfe Research cut their price objective on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Barclays reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, January 13th. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley decreased their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $257.76.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.