Fullerton Fund Management Co Ltd. Has $7.58 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fullerton Fund Management Co Ltd. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 42.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,330 shares of the Wireless communications provider’s stock after selling 25,789 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in T-Mobile US were worth $7,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Rakuten Securities Inc. grew its stake in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its stake in shares of T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the period. Finally, Albion Financial Group UT acquired a new stake in T-Mobile US during the 4th quarter worth approximately $39,000. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Benchmark restated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Stock Down 1.5 %

Shares of NASDAQ TMUS opened at $243.81 on Friday. The company has a market cap of $276.83 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $161.72 and a 12 month high of $276.49. The stock has a 50-day moving average price of $256.32 and a two-hundred day moving average price of $242.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period in the prior year, the company earned $2.00 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by corporate insiders.

About T-Mobile US

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.