Ensign Peak Advisors Inc Sells 13,912 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ensign Peak Advisors Inc reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 210,433 shares of the Wireless communications provider’s stock after selling 13,912 shares during the quarter. Ensign Peak Advisors Inc’s holdings in T-Mobile US were worth $46,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Barclays PLC boosted its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in T-Mobile US during the 4th quarter worth approximately $1,552,000. Trust Co. of Vermont grew its stake in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Rice Partnership LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $7,678,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of T-Mobile US by 737.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after purchasing an additional 49,775 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a research report on Friday, March 14th. Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Benchmark reissued a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

TMUS opened at $243.81 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market capitalization of $276.83 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The business has a fifty day simple moving average of $256.32 and a 200 day simple moving average of $242.56. T-Mobile US, Inc. has a 1 year low of $161.72 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the company posted $2.00 earnings per share. T-Mobile US’s revenue was up 6.6% compared to the same quarter last year. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.