Zurich Insurance Group Ltd FI Grows Stake in T-Mobile US, Inc. $TMUS

Key Points

• Zurich Insurance Group Ltd FI increased its stake in T-Mobile US by 47.2%, acquiring an additional 61,128 shares, bringing their total holdings to 190,623 shares valued at $50.8 million.
• Several institutional investors also adjusted their positions in T-Mobile US, with Empowered Funds LLC increasing their ownership by 118% and Coppell Advisory Solutions LLC boosting their stake by 1,429.9%.
• T-Mobile US reported $2.84 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $21.13 billion, reflecting a 6.9% year-over-year increase.

Zurich Insurance Group Ltd FI increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 47.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,623 shares of the Wireless communications provider's stock after acquiring an additional 61,128 shares during the period. Zurich Insurance Group Ltd FI's holdings in T-Mobile US were worth $50,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC boosted its position in T-Mobile US by 118.0% in the first quarter. Empowered Funds LLC now owns 44,944 shares of the Wireless communications provider's stock valued at $11,987,000 after buying an additional 24,327 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in T-Mobile US in the first quarter valued at approximately $330,000. Coppell Advisory Solutions LLC boosted its position in T-Mobile US by 1,429.9% in the first quarter. Coppell Advisory Solutions LLC now owns 11,979 shares of the Wireless communications provider's stock valued at $3,195,000 after buying an additional 11,196 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in T-Mobile US by 12.7% in the first quarter. Arete Wealth Advisors LLC now owns 3,520 shares of the Wireless communications provider's stock valued at $939,000 after buying an additional 396 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in T-Mobile US in the first quarter valued at approximately $29,145,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company's stock, valued at approximately $152,454,306,128.32. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares of the company's stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,627,930 shares of company stock valued at $628,713,068 over the last ninety days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.1%

Shares of TMUS traded up $0.33 on Friday, reaching $241.72. The company's stock had a trading volume of 3,085,735 shares, compared to its average volume of 3,832,857. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a twelve month low of $195.47 and a twelve month high of $276.49. The stock has a market capitalization of $272.04 billion, a PE ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61. The firm has a fifty day moving average of $243.25 and a 200-day moving average of $246.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm posted $2.49 EPS. The firm'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 EPS for the current year.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Bank of America assumed 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 on the stock. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Three research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.02.

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.