Waverly Advisors LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,164 shares of the Wireless communications provider's stock, valued at approximately $257,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. increased its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $29,000. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 58.8% in the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Synergy Investment Management LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 42.49% of the company's stock.
Insider Buying and Selling
In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on 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 directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.37% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several brokerages recently weighed in on TMUS. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Barclays boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Bank of America boosted their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $257.68.
Get Our Latest Stock Analysis on T-Mobile US
T-Mobile US Trading Up 2.0%
T-Mobile US stock traded up $4.72 during mid-day trading on Friday, hitting $243.14. The company's stock had a trading volume of 2,009,833 shares, compared to its average volume of 4,212,997. The firm has a market capitalization of $276.07 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1 year low of $168.47 and a 1 year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average is $251.04 and its two-hundred day moving average is $243.81.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.
T-Mobile US Company Profile
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Free Report)
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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