Exane Derivatives acquired a new equity stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) in the 1st trimester, HoldingsChannel.com reports. The company bought 550 shares of the wireless communications provider, valued at around $71,000.
A number of other hedge funds have also recently changed their positions in the stock. State Street Corp raised its position in T-Mobile US by 0.7% during the fourth quarter. State Street Corp now owns 26,614,179 shares of the wireless communications provider valued at $3,086,712,000 after acquiring an additional 195,324 shares last quarter. Norges Bank bought a new position in T-Mobile US during the fourth quarter, valued at approximately $2,708,912,000. Dodge & Cox increased its position in T-Mobile US by 29.0% during the fourth quarter. Dodge & Cox now owns 16,463,259 shares of the wireless communications provider valued at $1,909,409,000 after acquiring 3,701,674 additional shares last quarter. Geode Capital Management LLC increased its position in T-Mobile US by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 10,635,883 shares of the wireless communications provider valued at $1,230,269,000 after acquiring an additional 202,457 shares last quarter. Finally, D1 Capital Partners LP increased its stake in T-Mobile US by 10.5% in the fourth quarter. D1 Capital Partners LP now owns 5,304,372 shares of the wireless communications provider valued at $615,201,000 after purchasing an additional 502,186 shares during the period. Institutional investors hold 45.24% of the company’s shares.
In other T-Mobile US CEO news Michael Sievert sold 20,000 shares of T-Mobile US in a trade on Wednesday, May 11. The stock was sold at an average price of $121.99, for a total value of $2,439,800.00. Following the sale, the CEO now owns 674,472 shares of the company, valued at $82,278,839.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. 0.68% of the shares are held by insiders.
NASDAQTMUS opened at $135.72 on Friday. The stock’s fifty-day moving average is $131.01 and its two-hundred-day moving average is $124.97. The company has a market capitalization of $169.55 billion, a P/E ratio of 60.59, a price-to-earnings growth ratio of 1.72 and a beta of 0.48. The company has a debt ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.81. T-Mobile US, Inc. has a fifty-two week low of $101.51 and a fifty-two week high of $150.20.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The wireless communications provider reported earnings per share of $0.57 for the quarter, beating analysts’ consensus estimate of $0.41 by $0.16. The company posted revenue of $20.12 billion for the quarter, versus analyst estimates of $20.14 billion. T-Mobile US had a return on equity of 5.46% and a net margin of 3.49%. The company’s revenue for the quarter increased by 1.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.92. As a group, sell-side analysts expect T-Mobile US, Inc. to post EPS of 2.78 for the current year.
Several analysts have commented on TMUS shares. Citigroup raised its price target on T-Mobile US from $155.00 to $156.00 and gave the company a “buy” rating in a Monday, March 14 report. Credit Suisse Group set a price target of $188.00 on T-Mobile US in a Monday, April 11 report. Raymond James raised its price target on T-Mobile US from $158.00 to $160.00 and gave the company a “Strong Buy” rating in a Friday, July 1 report. Wolfe Research began covering T-Mobile US in a report on Thursday, June 2. They issued an “outperform” rating and a price target of $159.00 on the stock. Finally, Moffett Nathanson lowered his price target on T-Mobile US to $165.00 in a Wednesday, May 25 report. One research analyst rated the stock with a sell rating, four gave the company a hold rating, thirteen gave the company a buy rating and two gave the company a strong buy rating. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $165.78.
T-Mobile US Profile (Get a rating)
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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