BlackRock Inc. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,334,976 shares of the Wireless communications provider’s stock after purchasing an additional 1,502,636 shares during the quarter. BlackRock Inc. owned 1.85% of T-Mobile US worth $929,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of TMUS. Proficio Capital Partners LLC raised its stake in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 306 shares during the last quarter. Barrett Asset Management LLC purchased a new position in shares of T-Mobile US in the second quarter worth $110,000. Fifth Third Bancorp raised its stake in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 680 shares during the last quarter. Smithfield Trust Co. raised its stake in shares of T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares during the last quarter. Finally, D. Scott Neal Inc. purchased a new position in shares of T-Mobile US in the second quarter worth $116,000. Hedge funds and other institutional investors own 34.71% of the company’s stock.
TMUS has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on T-Mobile US in a research note on Monday, May 22nd. They issued a “buy” rating for the company. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price target on shares of T-Mobile US in a research note on Friday, June 2nd. Drexel Hamilton initiated coverage on T-Mobile US in a research note on Thursday, June 8th. They issued a “buy” rating and a $80.00 price target for the company. BidaskClub cut T-Mobile US from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Credit Suisse Group restated a “hold” rating and issued a $69.00 price target on shares of T-Mobile US in a research note on Friday, June 23rd. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $70.15.
T-Mobile US, Inc. (NASDAQ TMUS) opened at 61.80 on Tuesday. T-Mobile US, Inc. has a 1-year low of $44.49 and a 1-year high of $68.88. The stock has a 50 day moving average price of $63.38 and a 200-day moving average price of $63.84. The company has a market cap of $51.36 billion, a price-to-earnings ratio of 26.19 and a beta of 0.47. T-Mobile US also was the recipient of some unusual options trading on Monday. Investors acquired 54,349 call options on the stock. This represents an increase of approximately 785% compared to the average daily volume of 6,140 call options.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the previous year, the business earned $0.25 EPS. T-Mobile US’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post $2.29 EPS for the current year.
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T-Mobile US Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.
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