Mercer Global Advisors Inc. ADV reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor held 32,669 shares of the wireless communications provider after selling 1,826 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in T-Mobile US were worth $4,193,000 at the end of the last quarter.
A number of other hedge funds and other institutional investors also changed their holdings of TMUS. Glassman Wealth Services increased its stake in T-Mobile US by 19.8% during the first quarter. Glassman Wealth Services now owns 479 shares of the wireless communications provider worth $61,000 after purchasing an additional 79 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in T-Mobile US by 4.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,086 shares of the wireless communications provider worth $242,000 after buying 80 additional shares during the period. Koshinski Asset Management Inc. increased its stake in T-Mobile US by 48.5% during the first quarter. Koshinski Asset Management Inc. now owns 245 shares of the wireless communications provider worth $31,000 after purchasing an additional 80 shares during the period. Parkside Financial Bank & Trust increased its stake in T-Mobile US by 17.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 564 shares of the wireless communications provider worth $65,000 after buying an additional 85 shares during the period. Finally, First Bank & Trust increased its stake in T-Mobile US by 13.6% during the first quarter. First Bank & Trust now owns 733 shares of the wireless communications provider worth $94,000 after buying 88 more shares during the period. 45.24% of the shares are currently held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Several equity research analysts have published reports on TMUS shares. Citigroup raised its price target on T-Mobile US stock from $156.00 to $160.00 and gave the stock a “buy” rating in a Wednesday, July 20 research note. Moffett Nathanson raised his price target on T-Mobile US shares from $165.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com upgraded T-Mobile US shares from a “sell” to a “hold” rating in a Sunday May 1 research report. Cowen raised his price target on T-Mobile US shares from $179.00 to $187.00 in a Thursday, July 28 research report. Finally, KeyCorp raised its price target on T-Mobile US stock from $155.00 to $161.00 and gave the stock an “overweight” rating in a Monday, July 11 research report. One financial analyst has assigned the stock a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned the stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.09.
US shares of T-Mobile down 0.3%
Shares of NASDAQ:TMUS opened at $146.37 on Friday. The stock has a market capitalization of $183.55 billion, a price-to-earnings ratio of 106.84, a growth price-to-earnings ratio of 2.31 and a beta of 0.48. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $147.68. The company’s fifty-day moving average is $137.48 and its two-hundred-day moving average is $131.26. The company has a debt ratio of 1.05, a quick ratio of 0.74 and a current ratio of 0.85.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last released its quarterly results on Wednesday, July 27. The wireless communications provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.41 per ($0.50). The company posted revenue of $19.70 billion for the quarter, versus a consensus estimate of $20.08 billion. T-Mobile US had a return on equity of 6.59% and a net margin of 2.14%. The company’s revenue was down 1.2% year over year. In the same quarter a year earlier, the company posted EPS of $0.78. Equity analysts expect T-Mobile US, Inc. to post EPS of 2.27 for the current year.
Insider Trading at T-Mobile US
Separately, CAO Dara Bazzano sold 1,902 shares of the company in a trade dated Thursday, August 11. The shares were sold at an average price of $143.94, for a total transaction of $273,773.88. Following completion of the transaction, the chief accounting officer now owns 11,251 shares of the company, valued at $1,619,468.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, CAO Dara Bazzano sold 1,902 shares of the company in a trade dated Thursday, August 11. The shares were sold at an average price of $143.94, for a total transaction of $273,773.88. Following completion of the transaction, the chief accounting officer now owns 11,251 shares of the company, valued at $1,619,468.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, insider Neville R. Ray sold 50,000 shares in a trade dated Tuesday, August 9. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the transaction, the insider now owns 363,902 shares of the company, valued at approximately $52,842,209.42. Disclosure of this sale can be found here. During the last quarter, insiders sold 101,846 shares of the company worth $14,808,930. Insiders own 0.68% of the shares of the company.
About T-Mobile USA
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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