Glenview Trust co Purchases 5,639 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Glenview Trust co increased its stake in T-Mobile US, Inc. by 8.8% in the first quarter, purchasing an additional 5,639 shares, bringing its total holdings to 69,681 shares valued at approximately $18.6 million.
• Analysts have mixed ratings for T-Mobile US, with a consensus rating of "Moderate Buy" and a price target of $258.02, while the stock is currently trading at around $242.72.
• In Q2, T-Mobile US reported $2.84 earnings per share, exceeding estimates and reflecting a revenue increase of 6.9% year-over-year, indicating strong financial performance amidst market fluctuations.

Glenview Trust co lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,681 shares of the Wireless communications provider's stock after buying an additional 5,639 shares during the quarter. Glenview Trust co's holdings in T-Mobile US were worth $18,585,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Activest Wealth Management grew its position in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. grew its stake in T-Mobile US by 139.5% in the first 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 in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. lifted its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.33 during midday trading on Friday, reaching $241.72. 3,085,735 shares of the company were exchanged, compared to its average volume of 3,832,857. The stock's 50-day moving average price is $243.25 and its 200-day moving average price is $246.64. The stock has a market cap of $272.04 billion, a P/E ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61. T-Mobile US, Inc. has a one year low of $195.47 and a one year high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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 company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.49 earnings per share. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMUS. Morgan Stanley upped their price objective on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Finally, Royal Bank Of Canada increased their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Three equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company's stock, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the transaction, the chief executive officer directly owned 358,722 shares of the company's stock, valued at $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,627,930 shares of company stock valued at $628,713,068. 0.37% of the stock is currently owned by insiders.

T-Mobile US 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.