Zurich Insurance Group Ltd FI trimmed its position in T-Mobile Us Inc (NASDAQ:TMUS) by 31.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,573 shares of the Wireless communications provider’s stock after selling 34,465 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in T-Mobile Us were worth $5,455,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC raised its stake in T-Mobile Us by 11.9% during the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock worth $1,691,080,000 after acquiring an additional 2,601,725 shares in the last quarter. Vanguard Group Inc. raised its stake in T-Mobile Us by 2.1% during the second quarter. Vanguard Group Inc. now owns 17,806,020 shares of the Wireless communications provider’s stock worth $1,320,138,000 after acquiring an additional 372,057 shares in the last quarter. BlackRock Inc. raised its stake in T-Mobile Us by 17.5% during the second quarter. BlackRock Inc. now owns 17,733,859 shares of the Wireless communications provider’s stock worth $1,314,789,000 after acquiring an additional 2,647,322 shares in the last quarter. Invesco Ltd. raised its stake in T-Mobile Us by 16.5% during the second quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock worth $681,731,000 after acquiring an additional 1,300,620 shares in the last quarter. Finally, FIL Ltd raised its stake in T-Mobile Us by 32.1% during the first quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock worth $457,701,000 after acquiring an additional 1,610,535 shares in the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.
Several research analysts have issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. Raymond James increased their price objective on T-Mobile Us from $86.00 to $94.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 6th. Barclays reiterated a “buy” rating and set a $93.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. HSBC set a $85.00 price objective on T-Mobile Us and gave the stock a “buy” rating in a research note on Monday, June 3rd. Finally, ValuEngine upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of “Buy” and a consensus target price of $89.55.
Shares of NASDAQ:TMUS traded down $0.41 during midday trading on Friday, reaching $80.59. The company’s stock had a trading volume of 3,874,456 shares, compared to its average volume of 2,080,447. T-Mobile Us Inc has a fifty-two week low of $59.96 and a fifty-two week high of $85.22. The company has a market capitalization of $69.21 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.49 and a beta of 0.42. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.62 and a quick ratio of 0.54. The business’s fifty day simple moving average is $78.06 and its 200-day simple moving average is $75.56.
T-Mobile Us (NASDAQ:TMUS) last announced its earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The company had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts forecast that T-Mobile Us Inc will post 4.38 earnings per share for the current fiscal 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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