CIBC Asset Management Inc lifted its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,378 shares of the Wireless communications provider’s stock after purchasing an additional 8,065 shares during the quarter. CIBC Asset Management Inc’s holdings in T-Mobile Us were worth $5,969,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Appleton Partners Inc. MA boosted its position in shares of T-Mobile Us by 10.1% in the 4th quarter. Appleton Partners Inc. MA now owns 14,185 shares of the Wireless communications provider’s stock worth $902,000 after purchasing an additional 1,304 shares in the last quarter. Verde Servicos Internacionais S.A. raised its holdings in T-Mobile Us by 11.3% in the 1st quarter. Verde Servicos Internacionais S.A. now owns 54,426 shares of the Wireless communications provider’s stock worth $3,760,000 after acquiring an additional 5,540 shares during the last quarter. LMR Partners LLP purchased a new position in T-Mobile Us in the 4th quarter worth approximately $231,000. Findlay Park Partners LLP purchased a new position in T-Mobile Us in the 4th quarter worth approximately $82,537,000. Finally, FDx Advisors Inc. raised its holdings in T-Mobile Us by 27.0% in the 4th quarter. FDx Advisors Inc. now owns 21,630 shares of the Wireless communications provider’s stock worth $1,376,000 after acquiring an additional 4,592 shares during the last quarter. 33.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TMUS opened at $74.63 on Thursday. The firm has a market cap of $62.72 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.18 and a beta of 0.44. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. T-Mobile Us Inc has a 1-year low of $55.23 and a 1-year high of $75.32.
T-Mobile Us (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11 billion. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Sell-side analysts expect that T-Mobile Us Inc will post 4.12 earnings per share for the current year.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research lowered shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Nomura boosted their price objective on shares of T-Mobile Us from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. KeyCorp boosted their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Argus restated a “buy” rating on shares of T-Mobile Us in a report on Tuesday, February 19th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile Us has a consensus rating of “Buy” and a consensus price target of $80.15.
In other T-Mobile Us news, insider Thomas Christopher Keys sold 43,000 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $70.71, for a total transaction of $3,040,530.00. Following the completion of the sale, the insider now directly owns 248,883 shares in the company, valued at approximately $17,598,516.93. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO G Michael Sievert sold 4,766 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $73.58, for a total value of $350,682.28. Following the completion of the sale, the chief operating officer now owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
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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 79.7 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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