T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,607 shares of the Wireless communications provider’s stock after selling 501 shares during the period. Shell Asset Management Co.’s holdings in T-Mobile US were worth $2,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth about $1,552,000. Trust Co. of Vermont increased its position 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 in the last quarter. Rice Partnership LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth about $7,678,000. Finally, Exchange Traded Concepts LLC increased its position in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. Barclays boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $242.66 on Friday. The business’s 50 day simple moving average is $253.96 and its 200-day simple moving average is $242.99. The firm has a market capitalization of $275.53 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. 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 12 month low of $162.56 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.00 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

About T-Mobile US

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.