Inspire Trust Co. N.A. Sells 1,512 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Inspire Trust Co. N.A. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the Wireless communications provider's stock after selling 1,512 shares during the quarter. Inspire Trust Co. N.A.'s holdings in T-Mobile US were worth $2,207,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $1,802,393,000. Canada Pension Plan Investment Board boosted its stake 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 during the period. Raymond James Financial Inc. acquired a new position in T-Mobile US in the 4th quarter valued at $452,721,000. Capital International Investors grew its holdings in T-Mobile US by 36.2% in 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 buying an additional 1,734,998 shares in the last quarter. Finally, Deutsche Bank AG increased its position in 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 buying an additional 968,444 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 0.2%

Shares of NASDAQ:TMUS opened at $240.76 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $163.26 and a 52-week high of $276.49. The company has a market capitalization of $273.37 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company has a fifty day moving average of $253.07 and a 200-day moving average of $243.38.

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

T-Mobile US Company 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.