Swarthmore Group Inc. raised its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,350 shares of the Wireless communications provider’s stock after acquiring an additional 47,475 shares during the quarter. T-Mobile US comprises approximately 2.0% of Swarthmore Group Inc.’s holdings, making the stock its 14th largest position. Swarthmore Group Inc.’s holdings in T-Mobile US were worth $9,485,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GLG Partners LP lifted its stake 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 valued at $606,000 after acquiring an additional 31 shares during the last quarter. AXA raised its position in shares of T-Mobile US by 6.5% in the second quarter. AXA now owns 6,550 shares of the Wireless communications provider’s stock valued at $397,000 after purchasing an additional 400 shares during the period. Voya Investment Management LLC raised its position in shares of 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 valued at $2,136,000 after purchasing an additional 875 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of 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 valued at $4,228,000 after purchasing an additional 975 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of 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 valued at $3,652,000 after purchasing an additional 1,006 shares during the period. Hedge funds and other institutional investors own 34.94% of the company’s stock.
In other news, CFO J Braxton Carter II sold 15,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the sale, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total transaction of $629,500.00. Following the completion of the sale, the executive vice president now owns 166,434 shares in the company, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. Insiders sold a total of 73,620 shares of company stock worth $4,708,192 in the last 90 days. 0.29% of the stock is owned by corporate insiders.
T-Mobile US Inc (NASDAQ TMUS) traded up $0.79 on Thursday, reaching $63.76. 2,925,500 shares of the company’s stock were exchanged, compared to its average volume of 3,357,082. T-Mobile US Inc has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market capitalization of $53,050.00, a P/E ratio of 25.00, a P/E/G ratio of 0.98 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last issued its 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. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts forecast that T-Mobile US Inc will post 2.45 earnings per share for the current fiscal year.
T-Mobile US announced that its Board of Directors has approved a stock buyback plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
TMUS has been the topic of a number of recent analyst reports. KeyCorp set a $72.00 price target on shares of T-Mobile US and gave the company a “buy” rating in a research report on Wednesday, October 11th. UBS Group reissued a “buy” rating and issued a $70.00 price target (down previously from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Deutsche Bank lifted their price target on shares of T-Mobile US to $72.00 and gave the company a “buy” rating in a research report on Monday, December 11th. BidaskClub lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, BTIG Research lifted their price target on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price 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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