First Hawaiian Bank Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

First Hawaiian Bank trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 30.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,684 shares of the Wireless communications provider's stock after selling 4,778 shares during the quarter. First Hawaiian Bank's holdings in T-Mobile US were worth $2,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. boosted its holdings in T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after acquiring an additional 384,956 shares during the period. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter valued at about $1,802,393,000. Capital International Investors boosted its stake in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of T-Mobile US by 85.5% during the fourth 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. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.4%

NASDAQ TMUS traded up $3.31 during trading hours on Friday, reaching $242.61. 8,312,961 shares of the company's stock traded hands, compared to its average volume of 4,211,814. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49. The firm has a market cap of $275.47 billion, a PE ratio of 25.09, a PEG ratio of 1.55 and a beta of 0.69. The firm has a 50-day simple moving average of $250.72 and a 200 day simple moving average of $243.83. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

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

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Finally, Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.