Inspire Trust Co. N.A. Has $2.21 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Inspire Trust Co. N.A. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% during the fourth quarter, Holdings Channel reports. The firm owned 10,000 shares of the Wireless communications provider’s stock after selling 1,512 shares during the period. Inspire Trust Co. N.A.’s holdings in T-Mobile US were worth $2,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after purchasing an additional 90,755 shares during the period. Invesco Ltd. boosted its holdings in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Norges Bank bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $1,802,393,000. Capital International Investors grew its position in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Tigress Financial boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Benchmark reaffirmed a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.68.

Insider Activity

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 value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 0.2%

TMUS stock opened at $240.76 on Thursday. The firm has a market capitalization of $273.37 billion, a PE ratio of 24.90, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $163.26 and a twelve month high of $276.49. The stock’s 50 day moving average is $253.07 and its 200-day moving average is $243.38.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the firm posted $2.00 EPS. T-Mobile US’s quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

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 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.