T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 674,168 shares of the Wireless communications provider's stock after selling 15,472 shares during the period. T-Mobile US makes up 2.4% of Bristol John W & Co. Inc. NY's portfolio, making the stock its 14th largest holding. Bristol John W & Co. Inc. NY owned 0.06% of T-Mobile US worth $148,809,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter valued at approximately $28,000. Financial Life Planners bought a new position in T-Mobile US in the 4th quarter valued at approximately $29,000. Pinney & Scofield Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at $39,000. Finally, DT Investment Partners LLC raised its stake in shares of T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $3.31 during trading hours on Friday, hitting $242.61. 8,312,961 shares of the stock traded hands, compared to its average volume of 4,229,704. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1 year low of $169.76 and a 1 year high of $276.49. The company has a market cap of $275.47 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The stock has a 50 day moving average price of $250.72 and a 200 day moving average price of $243.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Company Profile

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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.