T-Mobile US Inc (NASDAQ:TMUS) Shares Bought by State of Tennessee Treasury Department
State of Tennessee Treasury Department lifted its position in shares of T-Mobile US Inc (NASDAQ:TMUS) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 820,100 shares of the Wireless communications provider’s stock after purchasing an additional 87,400 shares during the period. State of Tennessee Treasury Department owned 0.10% of T-Mobile US worth $52,085,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carmignac Gestion increased its stake in T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after acquiring an additional 1,419,024 shares during the period. Bank of New York Mellon Corp increased its stake in T-Mobile US by 13.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,251,576 shares of the Wireless communications provider’s stock worth $262,150,000 after acquiring an additional 498,332 shares during the period. APG Asset Management N.V. increased its stake in T-Mobile US by 11.8% during the 3rd quarter. APG Asset Management N.V. now owns 3,973,999 shares of the Wireless communications provider’s stock worth $245,037,000 after acquiring an additional 418,863 shares during the period. DnB Asset Management AS increased its stake in T-Mobile US by 91.0% during the 4th quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock worth $179,798,000 after acquiring an additional 1,349,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in T-Mobile US by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,442,920 shares of the Wireless communications provider’s stock worth $150,634,000 after acquiring an additional 81,298 shares during the period. Institutional investors own 35.68% of the company’s stock.
In related news, major shareholder Telekom Holding B.V. Deutsche bought 300,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $57.79 per share, with a total value of $17,337,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,090 shares of T-Mobile US stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $61.04, for a total value of $249,653.60. Following the transaction, the executive vice president now directly owns 68,168 shares in the company, valued at $4,160,974.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,840,000 shares of company stock worth $110,974,950 and have sold 113,872 shares worth $7,300,318. 0.29% of the stock is currently owned by insiders.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. T-Mobile US’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. research analysts forecast that T-Mobile US Inc will post 3.4 earnings per share for the current year.
T-Mobile US declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
A number of equities analysts have commented on the company. Jefferies Group restated a “top pick” rating and set a $62.78 price objective (down previously from $72.00) on shares of T-Mobile US in a research note on Tuesday, November 28th. Bank of America raised 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. Morgan Stanley raised their target price on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $70.65.
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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