1 week Ago By ABMN Staff
New York Life Investment Management LLC cut its position in T-Mobile US, Inc. ( NASDAQ:TMUS – Free Report ) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 71,023 shares of the Wireless communications provider’s stock after selling 513 shares during the quarter. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $12,513,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company.
Aveo Capital Partners LLC raised its position in shares of T-Mobile US by 6.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after acquiring an additional 137 shares during the last quarter.
Montag A & Associates Inc. bought a new position in shares of T-Mobile US during the fourth quarter worth about $65,000. Principal Securities Inc.
bought a new position in shares of T-Mobile US during the fourth quarter worth about $1,263,000. Smithfield Trust Co raised its position in shares of T-Mobile US by 36.1% during the fourth quarter.
Smithfield Trust Co now owns 679 shares of the Wireless communications provider’s stock worth $108,000 after acquiring an additional 180 shares during the last quarter. Finally, Northwest Financial Advisors bought a new position in shares of T-Mobile US during the fourth quarter worth about $58,000. 42.
49% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several research firms recently commented on TMUS. Tigress Financial raised their target price on T-Mobile US from $205.
00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group began coverage on T-Mobile US in a research note on Monday, July 1st.
They set a “buy” rating and a $200.00 target price for the company. Barclays raised their target price on T-Mobile US from $180.
00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Scotiabank raised their target price on T-Mobile US from $194.
50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. Finally, Sanford C.
Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $198.
63. Insider Transactions at T-Mobile US In other news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $173.
10, for a total value of $23,102,099.10. Following the completion of the transaction, the director now owns 671,752,404 shares of the company’s stock, valued at approximately $116,280,341,132.
40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th.
The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00.
Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Wednesday, June 12th.
The shares were sold at an average price of $173.10, for a total value of $23,102,099.10.
Following the sale, the director now owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The disclosure for this sale can be found here .
In the last quarter, insiders sold 1,336,950 shares of company stock valued at $239,882,745. Corporate insiders own 0.67% of the company’s stock.
T-Mobile US Trading Down 2.1 % NASDAQ TMUS opened at $193.00 on Friday.
T-Mobile US, Inc. has a 1-year low of $134.50 and a 1-year high of $205.
28. The company has a current ratio of 0.84, a quick ratio of 0.
78 and a debt-to-equity ratio of 1.22. The stock has a 50-day moving average of $188.
14 and a 200-day moving average of $174.02. The firm has a market cap of $226.
17 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.
51. T-Mobile US ( NASDAQ:TMUS – Get Free Report ) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.
49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22.
The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion.
T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%.
T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.
86 EPS. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.
18 EPS for the current year. T-Mobile US Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.
65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.
35%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.
37%. About T-Mobile US ( Free Report ) 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 customers in the postpaid, prepaid, and wholesale and other services.
It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services. Read More Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc.
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