Adams Diversified Equity Fund Inc. Acquires Shares of 98,200 T-Mobile US, Inc. (NASDAQ:TMUS)

Adams Diversified Equity Fund Inc. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,200 shares of the Wireless communications provider’s stock, valued at approximately $5,953,000.

Several other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. D. Scott Neal Inc. acquired a new stake in shares of T-Mobile US during the second quarter valued at $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 750 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock valued at $135,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 36.75% of the company’s stock.

T-Mobile US, Inc. (NASDAQ TMUS) traded up 1.82% during midday trading on Friday, reaching $63.61. The company had a trading volume of 2,464,366 shares. T-Mobile US, Inc. has a one year low of $44.35 and a one year high of $68.88. The stock has a market capitalization of $52.86 billion, a price-to-earnings ratio of 26.95 and a beta of 0.49. The company has a 50-day moving average price of $61.97 and a 200-day moving average price of $63.57.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the business posted $0.25 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post $2.32 earnings per share for the current year.

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Several brokerages recently weighed in on TMUS. SunTrust Banks, Inc. started coverage on T-Mobile US in a research report on Tuesday, April 18th. They set a “buy” rating and a $76.00 price objective for the company. Jefferies Group LLC increased their target price on T-Mobile US from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. T-Mobile US has an average rating of “Buy” and an average target price of $68.82.

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

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