T-Mobile US, Inc. $TMUS Stock Position Lowered by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division reduced its position in T-Mobile US, Inc. by 43.0%, now holding 6,013 shares worth approximately $1.43 million.
• Numerous hedge funds increased their holdings in T-Mobile US, with GAMMA Investing LLC notably raising its position by 29,289.4% in the first quarter.
• T-Mobile US reported $2.84 earnings per share for the last quarter, surpassing analysts' expectations, with revenue up 6.9% year-over-year.

Central Pacific Bank Trust Division lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 43.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,013 shares of the Wireless communications provider's stock after selling 4,527 shares during the quarter. Central Pacific Bank Trust Division's holdings in T-Mobile US were worth $1,433,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TMUS. GAMMA Investing LLC lifted its position in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Nuveen LLC purchased a new stake in T-Mobile US in the 1st quarter worth approximately $618,248,000. Canada Pension Plan Investment Board lifted its position 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 worth $1,837,399,000 after buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in T-Mobile US by 25.4% in 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 buying an additional 844,932 shares in the last quarter. Finally, Amundi lifted its position in T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock worth $851,066,000 after buying an additional 813,331 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 2,627,930 shares of company stock valued at $628,713,068. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $241.72 on Friday. The company's fifty day moving average is $243.25 and its 200-day moving average is $246.75. T-Mobile US, Inc. has a 12 month low of $195.47 and a 12 month high of $276.49. The firm has a market cap of $272.04 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TMUS shares. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price for the company. Royal Bank Of Canada increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $258.02.

About T-Mobile US

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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