Czech National Bank Buys 6,436 Shares of T-Mobile US, Inc. $TMUS

Key Points

• The Czech National Bank increased its stake in T-Mobile US, Inc. by 5.8% in the second quarter, now holding 116,577 shares valued at approximately $27.8 million.
• Institutional investors now own 42.49% of T-Mobile's stock, with notable increases from firms such as Activest Wealth Management, which raised its stake by 9,400%.
• Analysts have mixed views on T-Mobile's stock, with ratings ranging from Strong Buy to Underweight, and an average target price of $258.02.

Czech National Bank lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,577 shares of the Wireless communications provider's stock after buying an additional 6,436 shares during the quarter. Czech National Bank's holdings in T-Mobile US were worth $27,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $29,000. TCTC Holdings LLC raised its stake in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Finally, Adirondack Trust Co. raised its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares during the period. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TMUS. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Bank of America began coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $239.74 on Tuesday. The stock has a market cap of $269.81 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a 50 day moving average price of $243.29 and a 200-day moving average price of $246.30. T-Mobile US, Inc. has a one year low of $195.47 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.49 EPS. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 2,622,516 shares of company stock valued at $628,207,236. 0.37% of the stock is currently owned by 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.

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