Ilmarinen Mutual Pension Insurance Co Cuts Position in T-Mobile US, Inc. $TMUS

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its stake in T-Mobile US by 5.4%, holding 114,347 shares valued at $30.5 million after selling 6,500 shares in the first quarter.
• Analysts remain optimistic, with upgrades from several firms including JPMorgan Chase raising the price target to $280.00 and Goldman Sachs initiating coverage with a "buy" rating, setting a price target of $286.00.
• T-Mobile US reported earnings of $2.84 per share, exceeding estimates, with a revenue increase of 6.9% year-over-year, reflecting continued growth for the company.

Ilmarinen Mutual Pension Insurance Co lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,347 shares of the Wireless communications provider's stock after selling 6,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in T-Mobile US were worth $30,497,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth increased its stake in T-Mobile US by 7.4% during the fourth quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider's stock worth $2,635,000 after acquiring an additional 808 shares during the last quarter. MJP Associates Inc. ADV increased its stake in T-Mobile US by 5.4% during the fourth quarter. MJP Associates Inc. ADV now owns 1,789 shares of the Wireless communications provider's stock worth $395,000 after acquiring an additional 92 shares during the last quarter. Napa Wealth Management increased its stake in T-Mobile US by 128.1% during the fourth quarter. Napa Wealth Management now owns 13,031 shares of the Wireless communications provider's stock worth $2,876,000 after acquiring an additional 7,319 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in T-Mobile US by 5.0% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 21,749 shares of the Wireless communications provider's stock worth $4,801,000 after acquiring an additional 1,029 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in T-Mobile US by 76.1% during the fourth quarter. NorthRock Partners LLC now owns 6,635 shares of the Wireless communications provider's stock worth $1,465,000 after acquiring an additional 2,868 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price 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. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group began 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. Finally, Morgan Stanley raised their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three 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 stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Price Performance

Shares of TMUS opened at $242.72 on Wednesday. The company has a market cap of $273.16 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a twelve month low of $194.41 and a twelve month 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. The company has a 50 day moving average of $243.14 and a two-hundred day moving average of $247.18.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate 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 period last year, the firm earned $2.49 earnings per share. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were 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 in the company, valued at $154,641,013,525.48. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the chief executive officer directly owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,627,930 shares of company stock valued at $627,921,781. 0.37% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.