Nykredit A S Makes New Investment in T-Mobile US, Inc. $TMUS

Key Points

• Nykredit A S acquired 158,807 T-Mobile US shares during the second quarter, valued at approximately $26.6 million. Institutional investors collectively own 42.49% of the company.
• Analysts maintain a generally positive view, with T-Mobile holding a “Moderate Buy” consensus rating and an average price target of $252.08, despite several recent target-price reductions.
• T-Mobile’s latest quarterly results exceeded expectations, with adjusted EPS of $2.99 versus the $2.59 consensus estimate and revenue growth of 7.9% year over year, although shares opened at $168.18—near the lower end of their 12-month range.

Nykredit A S acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 158,807 shares of the Wireless communications provider's stock, valued at approximately $26,637,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in T-Mobile US in the 2nd quarter valued at $6,625,275,000. State Street Corp raised its holdings in shares of T-Mobile US by 4.3% in the fourth quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock valued at $5,133,198,000 after buying an additional 1,047,624 shares during the last quarter. Capital International Investors lifted its position in T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider's stock worth $3,014,754,000 after buying an additional 1,121,409 shares in the last quarter. Invesco Ltd. grew its holdings in T-Mobile US by 10.5% during the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock worth $1,772,638,000 after acquiring an additional 827,381 shares during the last quarter. Finally, Norges Bank acquired a new stake in T-Mobile US in the 4th quarter valued at about $1,335,918,000. Institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company's stock, valued at $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 7th. Wells Fargo & Company lowered their price target on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a report on Friday, July 24th. Benchmark dropped their price objective on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, July 24th. TD Cowen decreased their price objective on T-Mobile US from $261.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an "outperform" rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $168.18 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a twelve month low of $164.02 and a twelve month high of $242.37. The firm's 50 day moving average price is $181.09 and its two-hundred day moving average price is $189.70. The firm has a market cap of $180.40 billion, a P/E ratio of 17.61, a PEG ratio of 1.08 and a beta of 0.34.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

About T-Mobile US

T-Mobile US, Inc NASDAQ: TMUS is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.

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