Grantham Mayo Van Otterloo & Co. LLC Sells 30,500 Shares of T-Mobile Us Inc (NASDAQ:TMUS)

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 22.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,300 shares of the Wireless communications provider’s stock after selling 30,500 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in T-Mobile Us were worth $7,955,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC raised its position in T-Mobile Us by 11.9% in the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock valued at $1,691,080,000 after purchasing an additional 2,601,725 shares during the last quarter. FIL Ltd raised its position in T-Mobile Us by 32.1% in the first quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock valued at $457,701,000 after purchasing an additional 1,610,535 shares during the last quarter. AJO LP raised its position in T-Mobile Us by 225.9% in the first quarter. AJO LP now owns 1,412,252 shares of the Wireless communications provider’s stock valued at $97,587,000 after purchasing an additional 978,972 shares during the last quarter. Neuberger Berman Group LLC raised its position in T-Mobile Us by 16.9% in the first quarter. Neuberger Berman Group LLC now owns 6,423,089 shares of the Wireless communications provider’s stock valued at $443,835,000 after purchasing an additional 927,635 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in T-Mobile Us by 46.9% in the second quarter. CIBC Private Wealth Group LLC now owns 2,533,527 shares of the Wireless communications provider’s stock valued at $187,837,000 after purchasing an additional 808,826 shares during the last quarter. Institutional investors and hedge funds own 33.14% of the company’s stock.

In related news, COO G Michael Sievert sold 9,324 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total transaction of $703,962.00. Following the completion of the sale, the chief operating officer now owns 533,965 shares of the company’s stock, valued at $40,314,357.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

TMUS has been the subject of several research reports. BidaskClub downgraded T-Mobile Us from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. UBS Group reiterated a “buy” rating and issued a $96.00 target price on shares of T-Mobile Us in a research report on Monday, July 29th. ValuEngine upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Wells Fargo & Co increased their target price on T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research report on Monday, July 29th. Finally, Barclays reissued a “buy” rating and issued a $93.00 price target on shares of T-Mobile Us in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.55.

Shares of TMUS stock opened at $79.74 on Thursday. The stock has a market cap of $67.61 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.48 and a beta of 0.42. The stock has a 50-day moving average of $78.49 and a 200-day moving average of $75.28. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.43. T-Mobile Us Inc has a 1-year low of $59.96 and a 1-year high of $85.22.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.30. The company had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $11.14 billion. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Sell-side analysts forecast that T-Mobile Us Inc will post 4.31 earnings per share for the current year.

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 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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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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