Perpetual Ltd bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,798 shares of the Wireless communications provider’s stock, valued at approximately $260,000.
Several other large investors have also recently bought and sold shares of the stock. Assetmark Inc. lifted its holdings in shares of T-Mobile US by 7.9% during the 1st quarter. Assetmark Inc. now owns 12,601 shares of the Wireless communications provider’s stock worth $1,825,000 after acquiring an additional 926 shares during the period. Miller Wealth Advisors LLC grew its stake in shares of T-Mobile US by 1,952.9% in the 1st quarter. Miller Wealth Advisors LLC now owns 1,437 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,367 shares during the period. Transatlantique Private Wealth LLC lifted its position in shares of T-Mobile US by 1.1% during the 1st quarter. Transatlantique Private Wealth LLC now owns 15,698 shares of the Wireless communications provider’s stock worth $2,273,000 after buying an additional 176 shares during the period. Bank of Marin bought a new position in shares of T-Mobile US during the first quarter valued at $463,000. Finally, Versor Investments LP lifted its holdings in T-Mobile US by 38.6% during the 1st quarter. Versor Investments LP now owns 4,292 shares of the Wireless communications provider’s stock valued at $622,000 after purchasing an additional 1,196 shares during the last quarter. 46.18% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TMUS has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of T-Mobile US from $197.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. StockNews.com assumed coverage on T-Mobile US in a report on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada reduced their price objective on T-Mobile US from $172.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Morgan Stanley raised their price objective on shares of T-Mobile US from $178.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Finally, Benchmark upped their target price on shares of T-Mobile US from $197.00 to $200.00 in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.55.
T-Mobile US Stock Up 1.1 %
T-Mobile US stock opened at $137.71 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $154.38. The firm has a market capitalization of $162.01 billion, a price-to-earnings ratio of 27.43 and a beta of 0.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.82 and a quick ratio of 0.77. The company’s 50 day simple moving average is $136.09 and its 200 day simple moving average is $141.50.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.15. T-Mobile US had a return on equity of 9.02% and a net margin of 7.82%. The company had revenue of $19.20 billion during the quarter, compared to the consensus estimate of $19.36 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 7.28 EPS for the current year.
Insider Transactions at T-Mobile US
In related news, insider Michael J. Katz sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $140.93, for a total value of $493,255.00. Following the completion of the transaction, the insider now directly owns 125,977 shares of the company’s stock, valued at approximately $17,753,938.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Jon Freier sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now owns 190,901 shares in the company, valued at approximately $26,726,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Katz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $140.93, for a total value of $493,255.00. Following the sale, the insider now owns 125,977 shares in the company, valued at approximately $17,753,938.61. The disclosure for this sale can be found here. Insiders sold 211,100 shares of company stock valued at $27,633,181 over the last quarter. Corporate insiders own 0.70% of the company’s stock.
About T-Mobile US
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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