DnB Asset Management AS Raises Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• DnB Asset Management AS increased its holdings in T-Mobile US, Inc. by 13.8%, acquiring an additional 72,704 shares, bringing its total to 600,007 shares valued at approximately $160 million.
• Several other institutional investors also adjusted their positions in T-Mobile, with Crestwood Advisors Group growing its stake by 79.5% during the first quarter.
• Analysts remain positive on T-Mobile US, with multiple firms initiating coverage and setting target prices between $228 and $286, resulting in an average rating of "Moderate Buy."

DnB Asset Management AS grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,007 shares of the Wireless communications provider's stock after buying an additional 72,704 shares during the quarter. T-Mobile US accounts for 0.7% of DnB Asset Management AS's portfolio, making the stock its 27th largest position. DnB Asset Management AS owned about 0.05% of T-Mobile US worth $160,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Activest Wealth Management boosted 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 acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. raised its holdings in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth approximately $29,000. TCTC Holdings LLC raised its holdings in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the period. Finally, Adirondack Trust Co. raised its holdings in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Bank of America began coverage on shares of T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $243.47, for a total value of $17,003,944.80. Following the completion of the sale, the director directly owned 635,154,284 shares of the company's stock, valued at approximately $154,641,013,525.48. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,627,930 shares of company stock valued at $627,921,781. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS traded up $0.10 on Tuesday, hitting $243.00. 1,834,777 shares of the stock were exchanged, compared to its average volume of 4,295,156. The firm has a market capitalization of $273.48 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 12 month low of $194.41 and a 12 month high of $276.49. The business has a 50-day moving average of $243.11 and a two-hundred day moving average of $247.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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 net margin of 14.53% and a return on equity of 19.68%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

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.