Sumitomo Mitsui Trust Holdings Inc. lifted its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 0.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,286,380 shares of the Wireless communications provider’s stock after purchasing an additional 2,269 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in T-Mobile Us were worth $88,889,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of T-Mobile Us by 11.3% in the 4th quarter. FMR LLC now owns 21,871,216 shares of the Wireless communications provider’s stock worth $1,391,228,000 after acquiring an additional 2,227,123 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of T-Mobile Us by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after acquiring an additional 132,709 shares during the last quarter. Norges Bank acquired a new position in shares of T-Mobile Us in the 4th quarter worth approximately $627,109,000. DNB Asset Management AS lifted its holdings in shares of T-Mobile Us by 12.5% in the 1st quarter. DNB Asset Management AS now owns 4,097,879 shares of the Wireless communications provider’s stock worth $283,163,000 after acquiring an additional 455,147 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of T-Mobile Us by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,734,202 shares of the Wireless communications provider’s stock worth $237,532,000 after acquiring an additional 157,979 shares during the last quarter. Hedge funds and other institutional investors own 32.53% of the company’s stock.
TMUS has been the topic of several recent research reports. Zacks Investment Research downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Royal Bank of Canada restated a “buy” rating and set a $76.00 target price on shares of T-Mobile Us in a report on Thursday, February 7th. HSBC set a $80.00 target price on shares of T-Mobile Us and gave the company a “buy” rating in a report on Friday, March 8th. BidaskClub downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, Argus restated a “buy” rating on shares of T-Mobile Us in a report on Tuesday, February 19th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $80.15.
In other news, COO G Michael Sievert sold 4,766 shares of T-Mobile Us stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the sale, the chief operating officer now directly owns 543,391 shares in the company, valued at $39,982,709.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.
Shares of NASDAQ TMUS traded down $0.15 during midday trading on Thursday, reaching $76.20. 164,790 shares of the stock were exchanged, compared to its average volume of 4,103,312. The company has a market cap of $65.91 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.24 and a beta of 0.44. T-Mobile Us Inc has a 52-week low of $55.23 and a 52-week high of $80.93. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.56.
T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11 billion. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. On average, analysts anticipate that T-Mobile Us Inc will post 4.12 EPS for the current year.
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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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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