Fullerton Fund Management Co Ltd. Sells 25,789 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fullerton Fund Management Co Ltd. lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,330 shares of the Wireless communications provider’s stock after selling 25,789 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in T-Mobile US were worth $7,578,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TMUS. Barclays PLC raised its position in shares of T-Mobile US by 38.3% during 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 during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,552,000. Trust Co. of Vermont grew its stake in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the period. Rice Partnership LLC bought a new stake in T-Mobile US in the fourth quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC lifted its stake in 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 during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.5 %

T-Mobile US stock opened at $243.81 on Friday. The company has a market cap of $276.83 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.55 and a beta of 0.69. The firm has a 50-day moving average of $256.32 and a 200-day moving average of $242.56. 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 one year low of $161.72 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period in the prior year, the firm posted $2.00 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. Bank of America upped their price target on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Benchmark reissued a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $257.68.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the 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 completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

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.