Prudential Financial Inc. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 532,529 shares of the Wireless communications provider’s stock after purchasing an additional 87,371 shares during the quarter. Prudential Financial Inc.’s holdings in T-Mobile US were worth $66,720,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in shares of T-Mobile US by 3.9% in the 1st quarter. Ballentine Partners LLC now owns 1,976 shares of the Wireless communications provider’s stock valued at $248,000 after purchasing an additional 75 shares in the last quarter. Balasa Dinverno & Foltz LLC boosted its stake in T-Mobile US by 1.9% in the first quarter. Balasa Dinverno & Foltz LLC now owns 5,025 shares of the Wireless communications provider’s stock valued at $630,000 after buying an additional 94 shares in the last quarter. Bedel Financial Consulting Inc. grew its position in T-Mobile US by 9.3% in the first quarter. Bedel Financial Consulting Inc. now owns 1,164 shares of the Wireless communications provider’s stock valued at $146,000 after acquiring an additional 99 shares during the last quarter. Atwood & Palmer Inc. raised its stake in T-Mobile US by 48.5% during the first quarter. Atwood & Palmer Inc. now owns 306 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 100 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its holdings in shares of T-Mobile US by 12.9% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 875 shares of the Wireless communications provider’s stock worth $110,000 after acquiring an additional 100 shares during the last quarter. 38.91% of the stock is owned by institutional investors and hedge funds.
TMUS stock traded up $0.38 during midday trading on Wednesday, hitting $146.06. The stock had a trading volume of 13,258 shares, compared to its average volume of 4,598,932. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.14. The firm has a market cap of $182.12 billion, a price-to-earnings ratio of 59.95, a P/E/G ratio of 1.34 and a beta of 0.57. The company’s fifty day moving average price is $136.78. T-Mobile US, Inc. has a 1-year low of $100.11 and a 1-year high of $148.70.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.19. T-Mobile US had a return on equity of 7.19% and a net margin of 3.95%. The company had revenue of $19.76 billion for the quarter, compared to the consensus estimate of $18.99 billion. During the same period in the previous year, the business earned $1.10 EPS. The firm’s revenue was up 77.8% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 2.29 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 12th. Deutsche Bank Aktiengesellschaft increased their price target on T-Mobile US from $155.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Oppenheimer boosted their price objective on T-Mobile US from $160.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, March 12th. UBS Group reiterated a “buy” rating and issued a $170.00 target price on shares of T-Mobile US in a research report on Wednesday, May 5th. Finally, JPMorgan Chase & Co. set a $150.00 price target on T-Mobile US and gave the company a “buy” rating in a research note on Monday, March 15th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. T-Mobile US currently has an average rating of “Buy” and a consensus target price of $153.87.
In related news, CFO Peter Osvaldik sold 15,970 shares of the business’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $145.59, for a total transaction of $2,325,072.30. Following the transaction, the chief financial officer now owns 50,011 shares in the company, valued at approximately $7,281,101.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Neville R. Ray sold 17,600 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $130.01, for a total transaction of $2,288,176.00. Following the transaction, the insider now directly owns 445,264 shares in the company, valued at $57,888,772.64. The disclosure for this sale can be found here. Insiders have sold a total of 156,647 shares of company stock worth $21,717,282 over the last 90 days. Company insiders own 0.47% of the company’s stock.
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 United States Virgin Islands. The company offers voice, messaging, and data services to 102.1 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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