Equitable Holdings Inc. purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) during the third quarter, the company said in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,541 shares of the wireless communications provider for approximately $207,000.
Other institutional investors have also bought and sold shares in the company. Parkside Financial Bank & Trust added 8.6% to its position in T-Mobile US in the third quarter. Parkside Financial Bank & Trust now owns 900 shares of the wireless communications provider, valued at $121,000, after purchasing an additional 71 shares during the period. Bell Investment Advisors Inc increased its position in T-Mobile US by 33.8% in the third quarter. Bell Investment Advisors Inc now owns 281 shares of the wireless communications provider, valued at $38,000, after purchasing an additional 71 shares during the period. Kore Private Wealth LLC increased its position in T-Mobile US 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 added 11.1% to its position in T-Mobile US 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 added 2.4% to its position in T-Mobile US 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. Hedge funds and other institutional investors own 42.86% of the company’s shares.
Analyst upgrades and downgrades
TMUS has been the subject of a number of analyst reports. 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 shares of T-Mobile US to $199.00 from $201.00 and gave the company a “Outperform” rating in a research report on Thursday, February 2nd. Raymond James has raised his target price on T-Mobile US shares to $174.00 from $168.00 and gave the stock a “strong buy” rating in a research report on Thursday, February 2nd. Morgan Stanley lowered its target price on T-Mobile US shares to $175.00 from $180.00 and gave the company an “Overweight” rating in a research report on Thursday, December 15. Finally, in a research report on Tuesday, January 3, Wolfe Research downgraded shares of T-Mobile US from an outperform rating to a peer perform rating. Three analysts have rated the stock with a hold rating, seven with a buy rating and one with a strong buy rating on the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $180.17.
T-Mobile US stock down 0.2%
NASDAQ TMUS shares opened at $144.13 on Tuesday. T-Mobile US, Inc. has a 12-month low of $116.91 and a 12-month high of $154.38. The stock has a market cap of $175.75 billion, a P/E of 69.97, a P/E of 0.69, and a beta of 0.56. 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 company has a 50-day moving average of $145.11 and a 200-day moving average of $143.94.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly results on Wednesday, February 1st. The wireless communications provider reported earnings per share of $1.18 for the quarter, beating the consensus estimate of $1.10 by $0.08. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The company made $20.27 billion in revenue for the quarter, compared to analysts’ expectations of $20.66 billion. In the same quarter last year, the company posted $1.10 per share. The company’s revenue fell 2.5% year over year in the quarter. As a group, sell-side analysts are forecasting that T-Mobile US, Inc. will post 6.67 EPS for the current fiscal year.
insider activity
In other news, Director Teresa Taylor sold 11,000 shares of the stock in a transaction that took place on Wednesday, February 15th. The shares sold at an average price of $147.63 for a total value of $1,623,930.00. Upon completion of the sale, the Director now owns 23,202 shares of the Company, valued at approximately $3,425,311.26. The transaction was disclosed in a filing with the SEC, which can be accessed at this link. In other news, Director Teresa Taylor sold 11,000 shares of the company’s stock in a transaction that took place on Wednesday, February 15. The shares sold at an average price of $147.63 for a total value of $1,623,930.00. Following the transaction, the director now directly owns 23,202 shares of the Company, valued at approximately $3,425,311.26. The sale was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. Also, insider Michael J. Katz sold 3,500 shares of the company’s stock in a transaction that took place on Thursday, February 23. The stock sold at an average price of $145.91 for a total transaction of $510,685.00. Following the closing of the transaction, the insider now owns 130,962 shares of the company’s stock valued at $19,108,665.42. The disclosure for this sale can be found here. Insiders sold a total of 19,881 shares of the company’s stock valued at $2,918,035 over the last 90 days. Company insiders own 0.68% of the company’s shares.
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
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