T-Mobile US, Inc. $TMUS Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec has increased its holdings in T-Mobile US, Inc. by 6.5%, bringing its total shares to 40,231, valued at approximately $10.7 million.
• T-Mobile US reported $2.84 EPS for the last quarter, exceeding analyst estimates, with a revenue increase of 6.9% year-over-year to $21.13 billion.
• Several institutional investors, including Goldman Sachs and Deutsche Bank, have raised their price targets and holdings in T-Mobile US, indicating strong market confidence in the company's performance.

Federation des caisses Desjardins du Quebec increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,231 shares of the Wireless communications provider's stock after buying an additional 2,459 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in T-Mobile US were worth $10,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock worth $3,426,407,000 after buying an additional 214,224 shares during the period. Canada Pension Plan Investment Board lifted its holdings in 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 purchasing an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of T-Mobile US by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after acquiring an additional 423,993 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of 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 acquiring an additional 968,444 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $252.66 on Thursday. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The business has a 50 day simple moving average of $242.26 and a 200-day simple moving average of $247.81. The stock has a market capitalization of $284.35 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate 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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TMUS. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday. They set a "buy" rating and a $286.00 price objective for the company. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $251.23, for a total transaction of $17,545,903.20. Following the completion of the sale, the director owned 635,503,484 shares in the company, valued at $159,657,540,285.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,418,410 shares of company stock worth $575,342,737 over the last 90 days. 0.37% of the stock is currently 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.

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