Sandy Spring Bank cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,174 shares of the Wireless communications provider’s stock after selling 2,283 shares during the period. Sandy Spring Bank’s holdings in T-Mobile US were worth $2,974,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First National Trust Co acquired a new position in shares of T-Mobile US in the 3rd quarter worth approximately $3,606,000. Ellevest Inc. lifted its position in shares of T-Mobile US by 3.8% in the 3rd quarter. Ellevest Inc. now owns 2,818 shares of the Wireless communications provider’s stock worth $378,000 after purchasing an additional 104 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of T-Mobile US by 6.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 95,912 shares of the Wireless communications provider’s stock worth $12,869,000 after purchasing an additional 5,956 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of T-Mobile US by 1.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 593,020 shares of the Wireless communications provider’s stock valued at $80,219,000 after acquiring an additional 9,985 shares during the period. Finally, Hartford Investment Management Co. lifted its position in shares of T-Mobile US by 30.3% during the 3rd quarter. Hartford Investment Management Co. now owns 78,532 shares of the Wireless communications provider’s stock valued at $10,537,000 after acquiring an additional 18,282 shares during the period. Institutional investors and hedge funds own 42.86% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on TMUS. Cowen boosted their target price on shares of T-Mobile US from $187.00 to $201.00 in a research report on Friday, October 28th. Raymond James decreased their price target on shares of T-Mobile US from $175.00 to $168.00 and set a “strong-buy” rating for the company in a research note on Wednesday, December 14th. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a research note on Friday, October 28th. Cowen boosted their price target on shares of T-Mobile US from $187.00 to $201.00 in a research note on Friday, October 28th. Finally, KeyCorp boosted their price target on shares of T-Mobile US from $161.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, October 28th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $178.83.
T-Mobile US Stock Performance
Shares of TMUS stock opened at $146.98 on Wednesday. The stock has a fifty day moving average of $145.68 and a 200 day moving average of $142.44. T-Mobile US, Inc. has a 52 week low of $101.51 and a 52 week high of $154.38. The firm has a market capitalization of $182.87 billion, a price-to-earnings ratio of 120.48, a PEG ratio of 0.84 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.02.
T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). T-Mobile US had a return on equity of 6.29% and a net margin of 1.92%. The business had revenue of $19.48 billion during the quarter, compared to analysts’ expectations of $19.98 billion. During the same period in the previous year, the business earned $0.55 EPS. The business’s revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US, Inc. will post 2.01 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Neville R. Ray sold 50,000 shares of T-Mobile US stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $150.47, for a total value of $7,523,500.00. Following the completion of the sale, the insider now directly owns 313,902 shares in the company, valued at approximately $47,232,833.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Neville R. Ray sold 50,000 shares of T-Mobile US stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $150.47, for a total transaction of $7,523,500.00. Following the transaction, the insider now directly owns 313,902 shares of the company’s stock, valued at approximately $47,232,833.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $147.50, for a total value of $110,625.00. Following the transaction, the director now directly owns 3,230 shares in the company, valued at $476,425. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,450 shares of company stock worth $11,045,767. 0.68% of the stock is owned by corporate insiders.
T-Mobile US Company Profile
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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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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