US Bancorp DE reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,003 shares of the Wireless communications provider’s stock after selling 2,925 shares during the quarter. US Bancorp DE’s holdings in T-Mobile US were worth $15,002,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nwam LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $601,000. Checchi Capital Advisers LLC lifted its stake in shares of T-Mobile US by 1.1% during the 2nd quarter. Checchi Capital Advisers LLC now owns 7,086 shares of the Wireless communications provider’s stock worth $984,000 after acquiring an additional 79 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of T-Mobile US by 34.8% during the second quarter. Cetera Advisors LLC now owns 25,690 shares of the Wireless communications provider’s stock worth $3,568,000 after purchasing an additional 6,628 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in T-Mobile US by 16.5% during the 2nd quarter. Black Creek Investment Management Inc. now owns 222,000 shares of the Wireless communications provider’s stock valued at $30,836,000 after buying an additional 31,500 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in T-Mobile US by 2.1% in the 2nd quarter. Cetera Advisor Networks LLC now owns 22,147 shares of the Wireless communications provider’s stock valued at $3,076,000 after buying an additional 463 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TMUS has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of T-Mobile US from $191.00 to $194.00 in a research report on Monday, October 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, September 22nd. Barclays upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price target on T-Mobile US from $179.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, TD Cowen upped their price objective on shares of T-Mobile US from $197.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.06.
Insider Activity at T-Mobile US
In other news, Director Srikant M. Datar sold 500 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $147.50, for a total value of $73,750.00. Following the sale, the director now owns 4,564 shares in the company, valued at $673,190. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Srikant M. Datar sold 500 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $147.50, for a total value of $73,750.00. Following the completion of the transaction, the director now directly owns 4,564 shares in the company, valued at approximately $673,190. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $147.29, for a total transaction of $2,945,800.00. Following the sale, the chief executive officer now owns 586,339 shares in the company, valued at approximately $86,361,871.31. The disclosure for this sale can be found here. Insiders sold 67,953 shares of company stock worth $9,886,781 over the last three months. Company insiders own 0.70% of the company’s stock.
T-Mobile US Stock Up 0.1 %
T-Mobile US stock opened at $147.71 on Friday. The business’s 50-day simple moving average is $142.20 and its two-hundred day simple moving average is $138.95. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market cap of $170.82 billion, a PE ratio of 22.94 and a beta of 0.53. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $153.36.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its earnings results on Wednesday, October 25th. The Wireless communications provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. The firm had revenue of $19.25 billion for the quarter, compared to analyst estimates of $19.35 billion. Equities analysts anticipate that T-Mobile US, Inc. will post 7.13 EPS for the current year.
T-Mobile US Dividend Announcement
The firm also recently announced a — dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, November 30th.
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; leasing through JUMP! On Demand; and High Speed Internet services.
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