Rockefeller Capital Management LP boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 65.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,693 shares of the Wireless communications provider’s stock after buying an additional 8,155 shares during the period. Rockefeller Capital Management LP’s holdings in T-Mobile US were worth $2,775,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. First National Trust Co acquired a new stake in T-Mobile US in the third quarter worth $3,606,000. Ellevest Inc. increased its position in T-Mobile US by 3.8% in the third quarter. Ellevest Inc. now owns 2,818 shares of the Wireless communications provider’s stock worth $378,000 after buying an additional 104 shares during the period. Daiwa Securities Group Inc. increased its position in T-Mobile US by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 95,912 shares of the Wireless communications provider’s stock worth $12,869,000 after buying an additional 5,956 shares during the period. DekaBank Deutsche Girozentrale increased its position in T-Mobile US by 1.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 593,020 shares of the Wireless communications provider’s stock worth $80,219,000 after buying an additional 9,985 shares during the period. Finally, Hartford Investment Management Co. increased its position in T-Mobile US by 30.3% in the third quarter. Hartford Investment Management Co. now owns 78,532 shares of the Wireless communications provider’s stock worth $10,537,000 after buying an additional 18,282 shares during the period. 42.86% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TMUS. Cowen raised their price target on T-Mobile US from $187.00 to $201.00 in a report on Friday, October 28th. Raymond James lowered their price target on T-Mobile US from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a report on Wednesday, December 14th. StockNews.com began coverage on T-Mobile US in a report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group set a $180.00 price target on T-Mobile US in a report on Thursday, January 5th. Finally, The Goldman Sachs Group set a $180.00 price target on T-Mobile US in a report on Tuesday, January 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.83.
T-Mobile US Trading Up 1.0%
NASDAQ:TMUS opened at $145.81 on Wednesday. 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, Inc. has a 1-year low of $103.77 and a 1-year high of $154.38. The firm has a market capitalization of $181.41 billion, a price-to-earnings ratio of 119.52, a price-to-earnings-growth ratio of 0.81 and a beta of 0.55. The stock has a fifty day simple moving average of $145.49 and a 200 day simple moving average of $142.74.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company had revenue of $19.48 billion during the quarter, compared to analyst estimates of $19.98 billion. During the same quarter last year, the business earned $0.55 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 2.02 earnings per share for the current year.
Insider Activity at T-Mobile US
In related news, Director Srikant M. Datar sold 750 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company’s stock, valued at approximately $476,425. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Neville R. Ray sold 50,000 shares of the 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 of the company’s stock, valued at approximately $47,232,833.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 750 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company’s stock, valued at $476,425. The disclosure for this sale can be found here. Insiders sold 73,450 shares of company stock worth $11,045,767 in the last quarter. 0.68% of the stock is owned by company insiders.
T-Mobile US 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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