Capital Asset Advisory Services LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 753 shares of the Wireless communications provider’s stock, valued at approximately $102,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Paces Ferry Wealth Advisors LLC bought a new position in shares of T-Mobile US in the third quarter worth about $28,000. Credit Agricole S A boosted its stake in shares of T-Mobile US by 4,000.0% in the fourth quarter. Credit Agricole S A now owns 205 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 200 shares during the period. Advisory Alpha LLC bought a new position in shares of T-Mobile US in the third quarter worth about $30,000. Earnest Partners LLC boosted its stake in shares of T-Mobile US by 46.1% in the third quarter. Earnest Partners LLC now owns 279 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 88 shares during the period. Finally, HM Payson & Co. bought a new position in shares of T-Mobile US in the third quarter worth about $33,000. 58.45% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO G Michael Sievert sold 40,000 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $121.67, for a total value of $4,866,800.00. Also, insider Neville R. Ray sold 10,800 shares of the stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $125.12, for a total value of $1,351,296.00. Over the last quarter, insiders sold 93,200 shares of company stock worth $11,731,760. Company insiders own 0.47% of the company’s stock.
TMUS has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $154.00 price objective on T-Mobile US and gave the stock a “buy” rating in a research note on Friday, February 5th. Oppenheimer upped their price objective on T-Mobile US from $160.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, March 18th. Raymond James boosted their target price on T-Mobile US from $140.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, February 8th. UBS Group reiterated a “buy” rating and issued a $162.00 target price on shares of T-Mobile US in a research report on Friday, March 12th. Finally, Sanford C. Bernstein set a $172.00 target price on T-Mobile US and gave the stock a “buy” rating in a research report on Thursday, January 7th. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $144.04.
Shares of TMUS stock opened at $130.02 on Thursday. T-Mobile US, Inc. has a 1 year low of $84.47 and a 1 year high of $135.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.98 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $124.00 and its two-hundred day simple moving average is $124.39. The company has a market cap of $161.59 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 4th. The Wireless communications provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. T-Mobile US had a return on equity of 8.69% and a net margin of 5.11%. The business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $19.97 billion. During the same period in the prior year, the business posted $0.87 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 3.49 EPS for the current year.
T-Mobile US 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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