Comerica Bank lowered its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,535 shares of the Wireless communications provider’s stock after selling 4,904 shares during the period. Comerica Bank’s holdings in T-Mobile Us were worth $2,882,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its stake in T-Mobile Us by 46.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 427,674 shares of the Wireless communications provider’s stock worth $27,202,000 after purchasing an additional 135,697 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in T-Mobile Us by 2,065.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 294,268 shares of the Wireless communications provider’s stock worth $18,718,000 after acquiring an additional 280,679 shares during the last quarter. Stevens Capital Management LP raised its position in T-Mobile Us by 248.9% during the fourth quarter. Stevens Capital Management LP now owns 49,258 shares of the Wireless communications provider’s stock valued at $3,133,000 after purchasing an additional 35,141 shares during the period. Victory Capital Management Inc. raised its position in T-Mobile Us by 343.6% during the fourth quarter. Victory Capital Management Inc. now owns 242,248 shares of the Wireless communications provider’s stock valued at $15,409,000 after purchasing an additional 187,633 shares during the period. Finally, Parnassus Investments CA lifted its stake in shares of T-Mobile Us by 5.9% in the 4th quarter. Parnassus Investments CA now owns 372,637 shares of the Wireless communications provider’s stock valued at $23,703,000 after purchasing an additional 20,637 shares during the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. BidaskClub lowered T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. UBS Group restated a “buy” rating and issued a $80.00 price target on shares of T-Mobile Us in a research report on Wednesday, January 16th. Royal Bank of Canada restated a “buy” rating and issued a $76.00 price target on shares of T-Mobile Us in a research report on Thursday, February 7th. Zacks Investment Research upgraded T-Mobile Us from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Saturday, January 5th. Finally, HSBC set a $80.00 target price on T-Mobile Us and gave the stock a “buy” rating in a research report on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $78.57.
In related news, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $69.52, for a total value of $156,420.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas Christopher Keys sold 43,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $70.71, for a total value of $3,040,530.00. Following the completion of the sale, the insider now owns 248,883 shares in the company, valued at approximately $17,598,516.93. The disclosure for this sale can be found here. Insiders have sold 55,478 shares of company stock worth $3,891,431 in the last 90 days. Insiders own 0.37% of the company’s stock.
Shares of TMUS stock traded up $1.12 on Friday, hitting $73.46. The stock had a trading volume of 2,791,204 shares, compared to its average volume of 3,548,171. T-Mobile Us Inc has a one year low of $55.09 and a one year high of $74.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.70. The company has a market capitalization of $61.43 billion, a P/E ratio of 21.86, a PEG ratio of 3.01 and a beta of 0.44.
T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. T-Mobile Us had a return on equity of 12.12% and a net margin of 6.67%. The company had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.38 billion. During the same quarter in the previous year, the firm earned $3.11 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that T-Mobile Us Inc will post 3.98 earnings per share for the current fiscal year.
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 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.