Asset Dedication LLC cut its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,069 shares of the Wireless communications provider’s stock after selling 1,425 shares during the quarter. Asset Dedication LLC’s holdings in T-Mobile US were worth $253,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. GLG Partners LP raised its position in T-Mobile US by 0.3% in the second quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock worth $606,000 after acquiring an additional 31 shares in the last quarter. AXA raised its position in T-Mobile US by 6.5% in the second quarter. AXA now owns 6,550 shares of the Wireless communications provider’s stock worth $397,000 after acquiring an additional 400 shares in the last quarter. Voya Investment Management LLC raised its position in T-Mobile US by 2.5% in the second quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock worth $2,136,000 after acquiring an additional 875 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in T-Mobile US by 1.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock worth $4,228,000 after acquiring an additional 975 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in T-Mobile US by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock worth $3,652,000 after acquiring an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 34.94% of the company’s stock.
In related news, EVP Peter A. Ewens sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total value of $629,500.00. Following the completion of the sale, the executive vice president now directly owns 166,434 shares in the company, valued at approximately $10,477,020.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David A. Miller sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the completion of the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The disclosure for this sale can be found here. In the last three months, insiders sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is currently owned by company insiders.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The business had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. research analysts expect that T-Mobile US Inc will post 2.44 earnings per share for the current year.
T-Mobile US announced that its board has authorized a stock buyback program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
A number of equities analysts recently weighed in on the company. BidaskClub cut T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. Royal Bank of Canada reissued a “buy” rating and issued a $76.00 price target on shares of T-Mobile US in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of T-Mobile US in a research note on Wednesday, October 4th. Deutsche Bank dropped their price target on T-Mobile US from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. Finally, KeyCorp set a $72.00 price target on T-Mobile US and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $69.86.
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T-Mobile US Company 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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