McElhenny Sheffield Capital Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 88.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 300 shares of the Wireless communications provider’s stock after selling 2,300 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in T-Mobile US were worth $42,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of TMUS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of T-Mobile US by 3,974.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,001,063 shares of the Wireless communications provider’s stock worth $672,843,000 after acquiring an additional 4,878,309 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in T-Mobile US by 15.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 19,846,703 shares of the Wireless communications provider’s stock worth $2,670,175,000 after purchasing an additional 2,690,231 shares during the last quarter. Jennison Associates LLC purchased a new stake in T-Mobile US during the third quarter valued at $222,379,000. Vanguard Group Inc. lifted its position in T-Mobile US by 2.0% during the third quarter. Vanguard Group Inc. now owns 48,808,589 shares of the Wireless communications provider’s stock valued at $6,548,648,000 after purchasing an additional 978,130 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of T-Mobile US by 969.1% in the 3rd quarter. Artemis Investment Management LLP now owns 1,011,790 shares of the Wireless communications provider’s stock worth $135,788,000 after buying an additional 917,150 shares in the last quarter. 42.86% of the stock is currently owned by institutional investors.
Insider Buying and Selling at T-Mobile US
In other news, Director Teresa Taylor sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $147.63, for a total value of $1,623,930.00. Following the completion of the sale, the director now owns 23,202 shares of the company’s stock, valued at approximately $3,425,311.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,500 shares of T-Mobile US stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $145.91, for a total value of $510,685.00. Following the transaction, the insider now owns 130,962 shares in the company, valued at $19,108,665.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Teresa Taylor sold 11,000 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the sale, the director now directly owns 23,202 shares of the company’s stock, valued at $3,425,311.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,380 shares of company stock valued at $13,475,440. Company insiders own 0.68% of the company’s stock.
T-Mobile US Stock Up 0.7 %
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The Wireless communications provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. The business had revenue of $20.27 billion for the quarter, compared to the consensus estimate of $20.66 billion. T-Mobile US had a return on equity of 6.43% and a net margin of 3.26%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 6.69 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on TMUS. Benchmark restated a “buy” rating and set a $197.00 target price on shares of T-Mobile US in a research report on Thursday. Cowen lowered their price objective on T-Mobile US from $201.00 to $199.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. The Goldman Sachs Group set a $180.00 target price on T-Mobile US in a research report on Tuesday, January 10th. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 3rd. Finally, UBS Group set a $180.00 target price on shares of T-Mobile US in a research note on Thursday, February 2nd. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.17.
T-Mobile US Profile
T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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