T-Mobile US Inc (TMUS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of T-Mobile US Inc (NASDAQ:TMUS) by 28.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 871,469 shares of the Wireless communications provider’s stock after buying an additional 192,743 shares during the period. Wells Fargo & Company MN owned about 0.10% of T-Mobile US worth $52,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in T-Mobile US by 23.8% during the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 306 shares during the period. Barrett Asset Management LLC bought a new position in T-Mobile US during the second quarter worth about $110,000. Fifth Third Bancorp boosted its position in T-Mobile US by 64.8% during the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 680 shares during the period. Smithfield Trust Co. boosted its position in T-Mobile US by 1,513.6% during the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares during the period. Finally, D. Scott Neal Inc. bought a new position in T-Mobile US during the second quarter worth about $116,000. Institutional investors and hedge funds own 34.72% of the company’s stock.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Cowen and Company reiterated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a research report on Friday, August 25th. Finally, KeyCorp reiterated an “overweight” rating and set a $72.00 target price on shares of T-Mobile US in a research report on Saturday. Twelve equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $70.15.

T-Mobile US Inc (NASDAQ TMUS) opened at 61.17 on Friday. T-Mobile US Inc has a 1-year low of $44.49 and a 1-year high of $68.88. The firm’s 50 day moving average is $63.38 and its 200 day moving average is $63.83. The stock has a market capitalization of $50.84 billion, a P/E ratio of 25.92 and a beta of 0.47.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. On average, equities research analysts anticipate that T-Mobile US Inc will post $2.29 earnings per share for the current year.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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