US Bancorp DE increased its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,233 shares of the Wireless communications provider’s stock after acquiring an additional 878 shares during the period. US Bancorp DE’s holdings in T-Mobile Us were worth $578,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TMUS. Ontario Teachers Pension Plan Board bought a new position in shares of T-Mobile Us in the second quarter valued at approximately $132,346,000. Morgan Stanley grew its holdings in shares of T-Mobile Us by 44.5% in the second quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after acquiring an additional 1,781,530 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of T-Mobile Us by 16,308.9% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock valued at $77,091,000 after acquiring an additional 1,282,370 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of T-Mobile Us by 7,776.4% in the second quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock valued at $76,014,000 after acquiring an additional 1,256,046 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of T-Mobile Us in the second quarter valued at approximately $62,594,000. 32.64% of the stock is owned by institutional investors.
In other news, COO G Michael Sievert sold 10,622 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $65.79, for a total value of $698,821.38. Following the completion of the transaction, the chief operating officer now directly owns 452,478 shares of the company’s stock, valued at $29,768,527.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $68.93, for a total value of $1,033,950.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,814 shares of company stock valued at $6,579,495. 0.37% of the stock is owned by corporate insiders.
Shares of NASDAQ TMUS opened at $67.07 on Monday. T-Mobile Us Inc has a 1-year low of $55.09 and a 1-year high of $70.94. The firm has a market cap of $56.90 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.21 and a beta of 0.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.74.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The business had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.73 billion. During the same period in the prior year, the company earned $0.63 earnings per share. T-Mobile Us’s revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that T-Mobile Us Inc will post 3.33 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Macquarie reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday, November 21st. Guggenheim assumed coverage on T-Mobile Us in a report on Thursday, November 1st. They issued a “buy” rating for the company. Moffett Nathanson reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura upped their target price on T-Mobile Us from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Finally, BidaskClub lowered T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $73.13.
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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 72.6 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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