Voya Investment Management LLC Has $117.09 Million Stake in T-Mobile US, Inc. $TMUS

Key Points

• Voya Investment Management LLC reduced its stake in T-Mobile US by 33.2%, selling 217,821 shares and now holds 439,030 shares valued at approximately $117 million.
• T-Mobile US reported a better-than-expected earnings per share of $2.84 for the latest quarter, exceeding the analysts' consensus estimate of $2.69.
• Several brokerages, including JPMorgan Chase and Morgan Stanley, have recently raised their price targets for T-Mobile US, indicating a positive outlook for the stock.

Voya Investment Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,030 shares of the Wireless communications provider's stock after selling 217,821 shares during the quarter. Voya Investment Management LLC's holdings in T-Mobile US were worth $117,094,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in T-Mobile US by 1.7% during 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 acquiring an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock worth $1,080,388,000 after acquiring an additional 169,562 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Down 0.8%

Shares of TMUS stock traded down $1.98 during trading on Monday, reaching $239.74. The company's stock had a trading volume of 3,062,433 shares, compared to its average volume of 3,790,168. The business has a fifty day moving average price of $243.29 and a 200-day moving average price of $246.30. 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 company has a market cap of $269.81 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a one year low of $195.47 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $258.02.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $241.65, for a total value of $15,568,542.90. Following the sale, the director owned 634,885,752 shares of the company's stock, valued at $153,420,141,970.80. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 2,622,516 shares of company stock valued at $628,207,236 over the last 90 days. Insiders own 0.37% of the company's stock.

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.