Oregon Public Employees Retirement Fund boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the first quarter, HoldingsChannel.com reports. The fund owned 115,131 shares of the Wireless communications provider’s stock after buying an additional 2,932 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in T-Mobile US were worth $14,425,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Credit Agricole S A boosted its holdings in shares of T-Mobile US by 4,000.0% in the 4th quarter. Credit Agricole S A now owns 205 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Paces Ferry Wealth Advisors LLC bought a new position in T-Mobile US in the third quarter valued at about $28,000. Assetmark Inc. lifted its holdings in shares of T-Mobile US by 135.8% in the fourth quarter. Assetmark Inc. now owns 257 shares of the Wireless communications provider’s stock worth $35,000 after acquiring an additional 148 shares during the last quarter. First Bank & Trust acquired a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $36,000. Finally, HM Payson & Co. bought a new stake in shares of T-Mobile US during the 3rd quarter valued at approximately $33,000. Institutional investors and hedge funds own 58.45% of the company’s stock.
In other news, insider Neville R. Ray sold 10,800 shares of the company’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $125.12, for a total value of $1,351,296.00. Also, insider Neville R. Ray sold 12,400 shares of the stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $130.06, for a total transaction of $1,612,744.00. Following the completion of the sale, the insider now owns 462,864 shares of the company’s stock, valued at approximately $60,200,091.84. The disclosure for this sale can be found here. Insiders sold a total of 93,200 shares of company stock valued at $11,731,760 over the last three months. 0.47% of the stock is currently owned by insiders.
TMUS opened at $131.73 on Friday. T-Mobile US, Inc. has a fifty-two week low of $85.81 and a fifty-two week high of $135.54. The firm has a market capitalization of $163.71 billion, a PE ratio of 43.05, a P/E/G ratio of 2.22 and a beta of 0.55. 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 company’s 50-day moving average is $127.08 and its 200 day moving average is $125.77.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 4th. The Wireless communications provider reported $0.60 EPS for the quarter, topping 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 firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.97 billion. During the same period in the previous year, the company posted $0.87 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 3.49 EPS for the current year.
TMUS has been the subject of a number of research reports. Wells Fargo & Company increased their price target on T-Mobile US from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 12th. Raymond James lifted their target price on T-Mobile US from $140.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, February 8th. Truist increased their price target on T-Mobile US from $135.00 to $150.00 in a research note on Friday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $160.00 target price on shares of T-Mobile US in a report on Monday, April 12th. Finally, UBS Group restated a “buy” rating and issued a $162.00 price target on shares of T-Mobile US in a research report on Friday, March 12th. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $145.48.
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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