Mufg Securities Americas Inc. Buys New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Mufg Securities Americas Inc. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,196 shares of the Wireless communications provider's stock, valued at approximately $1,588,000.

A number of other large investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. increased its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 4th quarter worth approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the 4th quarter valued at approximately $29,000. Albion Financial Group UT bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $39,000. Finally, DT Investment Partners LLC boosted its position in shares of T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock worth $42,000 after acquiring an additional 70 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 1.2%

Shares of TMUS opened at $237.34 on Wednesday. The firm has a fifty day moving average price of $255.36 and a 200-day moving average price of $242.84. 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 firm has a market capitalization of $269.49 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 12-month low of $161.72 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 13.93% and a return on equity of 18.09%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TMUS shares. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business's 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 sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.67% of the company's stock.

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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