Sigma Planning Corp reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) by 28.4% during the first quarter, HoldingsChannel reports. The company held 5,645 shares of the wireless communications provider after selling 2,241 shares during the period. Sigma Planning Corp’s holdings in T-Mobile US were worth $725,000 when it last filed with the Securities and Exchange Commission.
Other big investors have also been buying and selling shares of the company recently. State Street Corp increased its stake in T-Mobile US by 0.7% in 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 during the period. Norges Bank bought a new stake in T-Mobile US during the 4th quarter, valued at $2,708,912,000. Dodge & Cox increased its stake in T-Mobile US by 29.0% in the fourth quarter. Dodge & Cox now owns 16,463,259 shares of the wireless communications provider valued at $1,909,409,000 after acquiring an additional 3,701,674 shares during the period. Geode Capital Management LLC increased its stake in T-Mobile US by 1.9% in the 4th 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 during the period. Finally, D1 Capital Partners LP increased its stake in T-Mobile US by 10.5% during the 4th quarter. D1 Capital Partners LP now owns 5,304,372 shares of the wireless communications provider valued at $615,201,000 after acquiring an additional 502,186 shares during the period. 45.24% of the shares are currently held by institutional investors.
A number of equity research analysts have published reports on the stock. Wolfe Research assumed coverage of T-Mobile US stocks in a Thursday, June 2 report. They set an “outperform” rating and a target price of $159.00 on the stock. Tigress Financial raised its price target on T-Mobile US shares from $185.00 to $195.00 in a Friday, June 24 research report. Credit Suisse Group set a price target of $188.00 on T-Mobile US shares in a Monday, April 11 research report. StockNews.com upgraded T-Mobile US shares from a “sell” to a “hold” rating in a Sunday May 1 research report. Finally, Raymond James raised his price target on T-Mobile US shares from $158.00 to $160.00 and gave the company a “Strong Buy” rating in a Friday 1st research report. July. One financial analyst gave the stock a sell rating, four issued a hold rating, thirteen issued a buy rating and two gave the company a high buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.78.
NASDAQTMUS opened at $137.00 on Thursday. The company has a 50-day simple moving average of $130.68 and a two-hundred-day simple moving average of $124.75. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt ratio of 1.06. T-Mobile US, Inc. has a 12 month minimum of $101.51 and a 12 month maximum of $150.20. The company has a market capitalization of $171.15 billion, a price-earnings ratio of 61.16, a PEG ratio of 1.62 and a beta of 0.48.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last released its quarterly results on Wednesday, April 27. The wireless communications provider reported earnings per share (EPS) of $0.57 for the quarter, beating the consensus estimate of $0.41 by $0.16. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The company posted revenue of $20.12 billion in the quarter, versus analyst estimates of $20.14 billion. In the same period a year earlier, the company posted earnings per share of $0.92. The company’s revenue increased 1.8% year over year. Stock analysts expect T-Mobile US, Inc. to post earnings per share of 2.95 for the current fiscal year.
In other T-Mobile US CEO news Michael Sievert sold 20,000 shares of the company in a trade dated Wednesday, May 11. The shares were sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the sale, the CEO now directly owns 674,472 shares of the company, valued at $82,278,839.28. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders hold 0.68% of the company’s shares.
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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