Rockefeller Capital Management LP increased its stake in T-Mobile US, Inc. (NASDAQ: TMUS – Get Rating) by 65.0% during Q3, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). ). The company held 20,693 shares of the wireless communications provider after purchasing an additional 8,155 shares during the period. Rockefeller Capital Management LP’s holdings in T-Mobile US were worth $2,775,000 when it last filed with the SEC.
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Several other large investors have also recently increased or reduced their stakes in the stock. First National Trust Co acquired a new stake in T-Mobile US in the third quarter worth $3,606,000. Ellevest Inc. increased its position in T-Mobile US by 3.8% in the third quarter. Ellevest Inc. now owns 2,818 shares of the wireless communications provider worth $378,000 after purchasing an additional 104 shares during the period. Daiwa Securities Group Inc. increased its position in T-Mobile US by 6.6% in the third quarter. Daiwa Securities Group Inc. now owns 95,912 shares of the wireless communications provider worth $12,869,000 after purchasing an additional 5,956 shares during the period. DekaBank Deutsche Girozentrale increased its position in T-Mobile US by 1.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 593,020 shares of the wireless communications provider worth $80,219,000 after purchasing an additional 9,985 shares during the period. Finally, Hartford Investment Management Co. increased its position in T-Mobile US by 30.3% in the third quarter. Hartford Investment Management Co. now owns 78,532 shares of the wireless communications provider worth $10,537,000 after purchasing an additional 18,282 shares during the period. 42.86% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
A number of brokerages have recently commented on TMUS. Cowen raised its price target on T-Mobile US from $187.00 to $201.00 in a Friday, October 28 report. Raymond James lowered his price target on T-Mobile US from $175.00 to $168.00 and set a “strong buy” rating on the stock in a Wednesday, Dec. 14 report. StockNews.com began covering T-Mobile US in a report on Wednesday, October 12. They have set a “holding” rating on the stock. UBS Group set a price target of $180.00 on T-Mobile US in a Thursday, January 5 report. Finally, Goldman Sachs Group set a price target of $180.00 on T-Mobile US in a Tuesday, January 10 report. Two research analysts gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.83.
T-Mobile US trades up 1.0%
NASDAQ:TMUS opened Wednesday at $145.81. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt ratio of 1.02. T-Mobile US, Inc. has a 1-year low of $103.77 and a 1-year high of $154.38. The company has a market capitalization of $181.41 billion, a price-to-earnings ratio of 119.52, a growth price-to-earnings ratio of 0.81 and a beta of 0.55. The stock has a fifty-day simple moving average of $145.49 and a 200-day simple moving average of $142.74.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly results on Thursday, October 27. The wireless communications provider reported earnings per share of $0.40 for the quarter, missing analyst consensus estimates of $0.53 per ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company posted revenue of $19.48 billion in the quarter, versus analyst estimates of $19.98 billion. In the same quarter last year, the company achieved EPS of $0.55. The company’s revenue for the quarter decreased 0.7% compared to the same quarter last year. Sell-side analysts expect T-Mobile US, Inc. to post earnings per share of 2.02 for the current year.
Insider activity at T-Mobile US
Separately, director Srikant M. Datar sold 750 shares in a trade dated Friday, November 4. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company, valued at approximately $476,425. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Separately, insider Neville R. Ray sold 50,000 shares in a trade dated Friday, October 28. The stock was sold at an average price of $150.47, for a total value of $7,523,500.00. Following the completion of the sale, the insider now directly owns 313,902 shares of the company, valued at approximately $47,232,833.94. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Director Srikant M. Datar sold 750 shares in a trade dated Friday, November 4. The stock was sold at an average price of $147.50, for a total value of $110,625.00. Following the completion of the sale, the director now directly owns 3,230 shares of the company, valued at $476,425. The disclosure of this sale can be found here. Insiders sold 73,450 shares of the company worth $11,045,767 during the last quarter. 0.68% of the shares are held by insiders of the company.
T-Mobile US Profile
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T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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