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Ronald D. Fisher Acquires 350,000 Shares of T-Mobile Us Inc (NASDAQ:TMUS) Stock

Posted on Tuesday, June 30th, 2020 by MarketBeat

T-Mobile Us Inc (NASDAQ:TMUS) insider Ronald D. Fisher purchased 350,000 shares of the stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the acquisition, the insider now owns 221,672 shares in the company, valued at $22,832,216. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

TMUS traded down $1.81 on Tuesday, hitting $104.15. 10,832,381 shares of the company were exchanged, compared to its average volume of 6,702,186. The firm has a fifty day simple moving average of $101.09 and a two-hundred day simple moving average of $88.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.56 and a current ratio of 0.64. T-Mobile Us Inc has a 12 month low of $63.50 and a 12 month high of $111.58. The stock has a market capitalization of $131.10 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.30.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.42 billion. During the same period last year, the company earned $1.06 EPS. T-Mobile Us's revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts expect that T-Mobile Us Inc will post 1.5 earnings per share for the current year.

TMUS has been the topic of several recent analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $105.00 price target (up previously from $99.00) on shares of T-Mobile Us in a report on Friday, May 22nd. Goldman Sachs Group set a $123.00 price target on T-Mobile Us and gave the company a "buy" rating in a report on Friday, May 22nd. Oppenheimer reaffirmed a "hold" rating on shares of T-Mobile Us in a report on Friday, May 1st. UBS Group reaffirmed a "buy" rating and issued a $120.00 price target on shares of T-Mobile Us in a report on Tuesday, June 23rd. Finally, KeyCorp raised their price target on T-Mobile Us from $104.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus target price of $106.95.

A number of institutional investors and hedge funds have recently bought and sold shares of TMUS. Norges Bank bought a new position in T-Mobile Us during the 4th quarter worth approximately $794,509,000. Capital World Investors grew its position in shares of T-Mobile Us by 7.1% in the 4th quarter. Capital World Investors now owns 31,804,808 shares of the Wireless communications provider's stock worth $2,494,133,000 after buying an additional 2,102,896 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of T-Mobile Us by 113.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,219,159 shares of the Wireless communications provider's stock worth $270,090,000 after buying an additional 1,709,272 shares during the last quarter. Wellington Management Group LLP grew its position in shares of T-Mobile Us by 24.6% in the 1st quarter. Wellington Management Group LLP now owns 7,969,741 shares of the Wireless communications provider's stock worth $668,661,000 after buying an additional 1,572,772 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of T-Mobile Us by 86.2% in the 4th quarter. Janus Henderson Group PLC now owns 3,284,833 shares of the Wireless communications provider's stock worth $257,595,000 after buying an additional 1,520,751 shares during the last quarter. Institutional investors and hedge funds own 23.57% of the company's stock.

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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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