T-Mobile US Inc (TMUS) Major Shareholder Acquires $7,824,700.00 in Stock

T-Mobile US Inc (NASDAQ:TMUS) major shareholder Telekom Holding B.V. Deutsche bought 130,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of $60.19 per share, for a total transaction of $7,824,700.00. Following the acquisition, the insider now directly owns 536,351,077 shares of the company’s stock, valued at approximately $32,282,971,324.63. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Telekom Holding B.V. Deutsche also recently made the following trade(s):

  • On Friday, February 16th, Telekom Holding B.V. Deutsche bought 365,000 shares of T-Mobile US stock. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $22,027,750.00.
  • On Wednesday, February 14th, Telekom Holding B.V. Deutsche bought 300,000 shares of T-Mobile US stock. The stock was purchased at an average cost of $57.79 per share, for a total transaction of $17,337,000.00.

Shares of T-Mobile US Inc (TMUS) traded down $1.09 during trading hours on Thursday, reaching $59.42. The company’s stock had a trading volume of 2,974,400 shares, compared to its average volume of 3,777,814. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30. T-Mobile US Inc has a 12-month low of $54.60 and a 12-month high of $68.88. The firm has a market cap of $50,770.00, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.74 and a beta of 0.30.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. equities analysts predict that T-Mobile US Inc will post 3.28 earnings per share for the current year.

T-Mobile US announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Large investors have recently modified their holdings of the business. Rational Advisors LLC acquired a new stake in T-Mobile US in the 3rd quarter worth about $105,000. Cerebellum GP LLC acquired a new stake in T-Mobile US in the 4th quarter worth about $127,000. Capital Bank & Trust Co boosted its stake in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 2,190 shares during the last quarter. Opera Trading Capital acquired a new stake in T-Mobile US in the 3rd quarter worth about $154,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in T-Mobile US in the 4th quarter worth about $184,000. 34.82% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on TMUS. Zacks Investment Research lowered T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered T-Mobile US from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Bank of America upped their target price on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Raymond James Financial raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. Finally, UBS Group raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and four have given a strong buy rating to the company. T-Mobile US presently has an average rating of “Buy” and an average price target of $70.23.

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About T-Mobile US

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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