MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 933,410 shares of the Wireless communications provider's stock after purchasing an additional 140,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of T-Mobile US worth $248,950,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after acquiring an additional 724 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Advisor Resource Council bought a new position in shares of T-Mobile US in the 1st quarter valued at $463,000. Main Street Research LLC lifted its stake in shares of T-Mobile US by 1.0% in the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock valued at $47,448,000 after acquiring an additional 1,788 shares during the last quarter. Finally, Sawgrass Asset Management LLC bought a new position in shares of T-Mobile US in the 1st quarter valued at $6,543,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated 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 transaction, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. The trade was 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 currently owned by company insiders.
Wall Street Analysts Forecast Growth
TMUS has been the subject of a number of research reports. Morgan Stanley increased their price target 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 began coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target for the company. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.
Read Our Latest Analysis on T-Mobile US
T-Mobile US Trading Down 1.3%
T-Mobile US stock traded down $3.10 during trading hours on Wednesday, reaching $239.62. 1,794,687 shares of the company's stock were exchanged, compared to its average volume of 4,290,684. 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 firm's 50 day simple moving average is $243.14 and its 200 day simple moving average is $247.18. T-Mobile US, Inc. has a twelve month low of $194.41 and a twelve month high of $276.49. The firm has a market capitalization of $269.67 billion, a PE ratio of 22.61, a PEG ratio of 1.33 and a beta of 0.61.
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 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the business posted $2.49 EPS. The business's revenue was up 6.9% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.
About T-Mobile US
(
Free Report)
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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