Central Pacific Bank Trust Division Has $2.81 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Central Pacific Bank Trust Division reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,540 shares of the Wireless communications provider's stock after selling 1,425 shares during the period. Central Pacific Bank Trust Division's holdings in T-Mobile US were worth $2,811,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TMUS. Norges Bank purchased a new position in T-Mobile US in the 4th quarter valued at about $1,802,393,000. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. purchased a new position in T-Mobile US in the 4th quarter valued at about $452,721,000. Capital International Investors increased its stake in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of T-Mobile US by 38.8% during the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after acquiring an additional 968,444 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock traded down $0.17 during mid-day trading on Tuesday, reaching $242.89. The company had a trading volume of 866,034 shares, compared to its average volume of 4,192,256. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $275.79 billion, a P/E ratio of 25.12, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The stock's 50-day simple moving average is $250.33 and its two-hundred day simple moving average is $243.95.

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

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Barclays increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Finally, Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

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