TD Asset Management Inc. trimmed its position in T-Mobile Us Inc (NASDAQ:TMUS) by 1.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 443,920 shares of the Wireless communications provider’s stock after selling 5,110 shares during the period. TD Asset Management Inc. owned 0.05% of T-Mobile Us worth $31,154,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in T-Mobile Us by 37.5% during the 3rd quarter. Private Advisor Group LLC now owns 6,620 shares of the Wireless communications provider’s stock worth $465,000 after purchasing an additional 1,805 shares during the last quarter. Majedie Asset Management Ltd raised its position in T-Mobile Us by 3.9% during the 3rd quarter. Majedie Asset Management Ltd now owns 241,778 shares of the Wireless communications provider’s stock worth $16,968,000 after purchasing an additional 9,043 shares during the last quarter. Victory Capital Management Inc. grew its holdings in T-Mobile Us by 18.5% during the 3rd quarter. Victory Capital Management Inc. now owns 54,615 shares of the Wireless communications provider’s stock worth $3,833,000 after acquiring an additional 8,507 shares during the period. Wedge Capital Management L L P NC grew its holdings in T-Mobile Us by 3.3% during the 3rd quarter. Wedge Capital Management L L P NC now owns 185,812 shares of the Wireless communications provider’s stock worth $13,040,000 after acquiring an additional 5,932 shares during the period. Finally, SeaTown Holdings Pte. Ltd. acquired a new stake in T-Mobile Us during the 3rd quarter worth about $21,054,000. 32.64% of the stock is owned by institutional investors and hedge funds.
Shares of TMUS opened at $68.68 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.74. The stock has a market capitalization of $59.68 billion, a PE ratio of 29.99, a PEG ratio of 2.34 and a beta of 0.39. T-Mobile Us Inc has a one year low of $55.09 and a one year high of $70.94.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The company had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. On average, sell-side analysts forecast that T-Mobile Us Inc will post 3.31 earnings per share for the current fiscal year.
A number of brokerages have weighed in on TMUS. Guggenheim began coverage on T-Mobile Us in a report on Thursday, November 1st. They set a “buy” rating for the company. Moffett Nathanson reiterated a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura increased their price target on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. BidaskClub downgraded T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wells Fargo & Co increased their price target on T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of “Buy” and an average price target of $73.13.
In other news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $68.93, for a total value of $1,033,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO G Michael Sievert sold 10,622 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total value of $698,821.38. Following the completion of the sale, the chief operating officer now owns 452,478 shares of the company’s stock, valued at $29,768,527.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,814 shares of company stock valued at $6,579,495. 0.37% of the stock is currently owned by company insiders.
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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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