Appleton Partners Inc. MA acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,460 shares of the Wireless communications provider’s stock, valued at approximately $601,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LGT Capital Partners LTD. increased its position in shares of T-Mobile US by 138.2% during the fourth quarter. LGT Capital Partners LTD. now owns 498,620 shares of the Wireless communications provider’s stock valued at $31,667,000 after purchasing an additional 289,290 shares during the period. DnB Asset Management AS increased its position in shares of T-Mobile US by 91.0% during the fourth quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock valued at $179,798,000 after purchasing an additional 1,349,000 shares during the period. Atalanta Sosnoff Capital LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $329,000. Parametric Portfolio Associates LLC increased its position in shares of T-Mobile US by 11.9% during the third quarter. Parametric Portfolio Associates LLC now owns 586,917 shares of the Wireless communications provider’s stock valued at $36,189,000 after purchasing an additional 62,197 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $492,000. Institutional investors and hedge funds own 34.93% of the company’s stock.
In related news, EVP David A. Miller sold 15,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total value of $941,700.00. Following the completion of the sale, the executive vice president now owns 104,448 shares in the company, valued at $6,557,245.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The disclosure for this sale can be found here. Insiders sold 73,620 shares of company stock valued at $4,708,192 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.
A number of research firms have recently issued reports on TMUS. KeyCorp restated a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 2nd. Macquarie upgraded T-Mobile US from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 14th. BidaskClub upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Morgan Stanley boosted their price objective on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Deutsche Bank boosted their price objective on T-Mobile US to $72.00 and gave the company a “buy” rating in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.86.
Shares of T-Mobile US, Inc. (TMUS) opened at $63.68 on Friday. The company has a market capitalization of $53,110.00, a PE ratio of 24.97, a P/E/G ratio of 1.05 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. T-Mobile US, Inc. has a fifty-two week low of $54.60 and a fifty-two week high of $68.88.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. equities analysts expect that T-Mobile US, Inc. will post 2.41 EPS for the current fiscal year.
T-Mobile US announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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