Coldstream Capital Management Inc. acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) during the fourth quarter, according to its recent Form 13F filing with the Securities and Exchange Commission (SEC). The company bought 10,385 shares of the wireless communications provider for approximately $1,454,000.
Other major investors have also recently changed their stakes in the company. Parkside Financial Bank & Trust increased its position in T-Mobile US by 8.6% in the third quarter. Parkside Financial Bank & Trust now owns 900 shares of the wireless communications provider, valued at $121,000, having bought an additional 71 shares during the period. Bell Investment Advisors Inc increased its position in T-Mobile US shares by 33.8% in the third quarter. Bell Investment Advisors Inc now owns 281 shares of the $38,000 wireless communications provider after purchasing an additional 71 shares during the period. Kore Private Wealth LLC increased its position in T-Mobile US shares by 1.6% in the second quarter. Kore Private Wealth LLC now owns 4,703 shares of the wireless communications provider, valued at $633,000, after purchasing an additional 74 shares during the period. Massmutual Trust Co. FSB ADV increased its position in T-Mobile US shares by 11.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 753 shares of the $101,000 wireless communications provider after purchasing an additional 75 shares during the period. Finally, LexAurum Advisors LLC increased its position in T-Mobile US shares by 2.4% in the third quarter. LexAurum Advisors LLC now owns 3,200 shares of the wireless communications provider, valued at $429,000, after purchasing an additional 75 shares during the period. 42.86% of the shares are owned by institutional investors.
Analysts set new price targets
A number of brokers have recently issued reports on TMUS. Goldman Sachs Group posted a price target of $180.00 for shares of T-Mobile US in a research report on Tuesday, January 10th. JPMorgan Chase & Co. set a price target of $200.00 for shares of T-Mobile US in a research report on Friday, February 17. Cowen lowered its target price on T-Mobile US shares to $199.00 from $201.00 and gave the company an Outperform rating in a report on Thursday, February 2nd. UBS Group issued a price target of $180.00 for T-Mobile US shares in a report on Thursday, February 2nd. Finally, in a report on Thursday, Benchmark reaffirmed a “buy” rating and issued a price target of $197.00 on shares of T-Mobile US. Three equities research analysts have rated the stock with a hold rating, eight with a buy rating and one with a strong buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.17.
insider activity
In other news, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction Thursday, February 16. The shares sold at an average price of $145.59 for a total transaction of $783,419.79. Following the sale, the insider now directly owns 112,761 shares of the company’s stock, valued at approximately $16,416,873.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction on Thursday, February 16. The shares sold at an average price of $145.59 for a total transaction of $783,419.79. Following the transaction, the insider now directly owns 112,761 shares of the company’s stock valued at approximately $16,416,873.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Callie R. Field sold 2,287 shares of the company’s stock in a transaction on Monday, March 6th. The shares sold at an average price of $141.95 for a total transaction of $324,639.65. Following the transaction, the insider now owns 93,916 shares of the company’s stock valued at $13,331,376.20. The disclosure for this sale can be found here. Over the past three months, insiders have sold 94,380 shares of the company’s shares, valued at $13,475,440. 0.68% of the shares are currently owned by company insiders.
T-Mobile US shares up 0.7%
NASDAQ TMUS shares opened at $142.45 on Friday. The company’s 50-day moving average price is $145.41 and its 200-day moving average price is $143.60. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt to equity ratio of 1.04. The stock has a market cap of $173.70 billion, a price-to-earnings ratio of 69.15, a price-to-earnings ratio of 0.67 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $120.90 and a 12-month high of $154.38.
T-Mobile US (NASDAQ:TMUS – Get Rating) last announced earnings results on Wednesday, February 1st. The wireless communications provider reported earnings per share (EPS) of $1.18 for the quarter, beating the consensus estimate of $1.10 by $0.08. The company made $20.27 billion in revenue for the quarter, compared to analysts’ expectations of $20.66 billion. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The company’s sales declined 2.5% compared to the prior-year quarter. In the same period last year, the company earned $1.10 per share. On average, equity analysts expect T-Mobile US, Inc. to post 6.69 EPS for the current fiscal year.
T-Mobile US Profile (Get Rating)
T-Mobile US, Inc provides wireless communication services under the T-Mobile and MetroPCS brands. It offers wireless postpaid and prepaid voice, messaging and data services, as well as wireless wholesale services. The company was founded in 1994 and is headquartered in Bellevue, WA.
Further reading
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating).
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