Great Valley Advisor Group Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) by 25.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The company held 2,403 shares of the wireless communications provider after purchasing an additional 483 shares during the period. Great Valley Advisor Group Inc.’s holdings in T-Mobile US were worth $302,000 at the end of last quarter.
Several other large investors have also recently changed their positions in TMUS. State Street Corp increased its position in T-Mobile US by 0.7% in the fourth quarter. State Street Corp now owns 26,614,179 shares of the wireless communications provider valued at $3,086,712,000 after buying an additional 195,324 shares in the last quarter. Norges Bank acquired a new stake in T-Mobile US in the fourth quarter, valued at approximately $2,708,912,000. Dodge & Cox increased its position in T-Mobile US by 29.0% in the fourth quarter. Dodge & Cox now owns 16,463,259 shares of the wireless communications provider valued at $1,909,409,000 after buying an additional 3,701,674 shares last quarter. Geode Capital Management LLC increased its position in T-Mobile US by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 10,635,883 shares of the wireless communications provider valued at $1,230,269,000 after purchasing an additional 202,457 shares in the last quarter. Finally, D1 Capital Partners LP increased its position in T-Mobile US by 10.5% in the fourth quarter. D1 Capital Partners LP now owns 5,304,372 shares of the wireless communications provider valued at $615,201,000 after buying an additional 502,186 shares in the last quarter. Hedge funds and other institutional investors own 45.24% of the company’s shares.
A number of equity research analysts have recently commented on TMUS shares. Citigroup raised its target price on T-Mobile US from $155.00 to $156.00 and gave the company a “buy” rating in a Monday, March 14 research report. Tigress Financial raised its price target on T-Mobile US from $185.00 to $195.00 in a Friday, June 24 report. Royal Bank of Canada set a target price of $152.00 on T-Mobile US in a research note on Wednesday, April 27. JPMorgan Chase & Co. set a target price of $180.00 on T-Mobile US in a Wednesday, June 1 research note. Finally, Benchmark raised its target price on T-Mobile US from $200.00 to $205.00 in a Thursday, April 28 research note. One research analyst rated the stock with a sell rating, four issued a hold rating, thirteen gave a buy rating and two issued a strong buy rating for the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.78.
Shares of NASDAQ:TMUS opened at $136.81 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt ratio of 1.06. The company has a fifty-day moving average of $130.12 and a two-hundred-day moving average of $124.43. The stock has a market capitalization of $170.92 billion, a P/E ratio of 61.08, a PEG ratio of 1.62 and a beta of 0.51. T-Mobile US, Inc. has a 52-week low of $101.51 and a 52-week high of $150.20.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last reported results on Wednesday, April 27. The wireless communications provider reported earnings per share (EPS) of $0.57 for the quarter, beating the consensus estimate of $0.41 by $0.16. The company posted revenue of $20.12 billion in the quarter, versus $20.14 billion expected by analysts. T-Mobile US had a return on equity of 5.46% and a net margin of 3.49%. The company’s quarterly revenue increased 1.8% year over year. During the same period of the previous year, the company achieved EPS of $0.92. On average, stock analysts expect T-Mobile US, Inc. to post earnings per share of 2.95 for the current year.
In other news, CEO Michael Sievert sold 20,000 shares in a trade on Wednesday, May 11. The stock was sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following completion of the transaction, the CEO now directly owns 674,472 shares of the company, valued at approximately $82,278,839.28. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. 0.68% of the shares are held by insiders.
About T-Mobile USA (Get a rating)
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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