Deutsche Bank AG Has $764.95 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Deutsche Bank AG boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 38.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,465,534 shares of the Wireless communications provider's stock after acquiring an additional 968,444 shares during the quarter. Deutsche Bank AG owned about 0.30% of T-Mobile US worth $764,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Diversified Trust Co increased its holdings in T-Mobile US by 85.4% during the fourth quarter. Diversified Trust Co now owns 10,766 shares of the Wireless communications provider's stock valued at $2,377,000 after buying an additional 4,960 shares during the period. Worth Asset Management LLC purchased a new stake in T-Mobile US during the fourth quarter worth $1,339,000. Finally, Fortitude Family Office LLC lifted its stake in shares of T-Mobile US by 53.8% during the 4th quarter. Fortitude Family Office LLC now owns 203 shares of the Wireless communications provider's stock worth $45,000 after purchasing an additional 71 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TMUS. Oppenheimer upped their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Down 1.5 %

Shares of T-Mobile US stock traded down $3.68 on Friday, hitting $243.81. 3,278,264 shares of the company's stock traded hands, compared to its average volume of 4,218,482. T-Mobile US, Inc. has a 52-week low of $161.72 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $276.83 billion, a P/E ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. The firm's 50-day moving average is $256.32 and its 200 day moving average is $242.71.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Company 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.