Geode Capital Management LLC Boosts Position in T-Mobile Us Inc (TMUS)

Geode Capital Management LLC boosted its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 18.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,275,085 shares of the Wireless communications provider’s stock after buying an additional 516,096 shares during the period. Geode Capital Management LLC’s holdings in T-Mobile Us were worth $208,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Findlay Park Partners LLP purchased a new stake in shares of T-Mobile Us during the fourth quarter valued at approximately $82,537,000. Westfield Capital Management Co. LP purchased a new stake in shares of T-Mobile Us during the fourth quarter valued at approximately $62,401,000. Prudential Financial Inc. raised its stake in shares of T-Mobile Us by 3,827.6% during the fourth quarter. Prudential Financial Inc. now owns 776,090 shares of the Wireless communications provider’s stock valued at $49,367,000 after purchasing an additional 756,330 shares during the period. Menora Mivtachim Holdings LTD. raised its stake in shares of T-Mobile Us by 71.4% during the fourth quarter. Menora Mivtachim Holdings LTD. now owns 967,085 shares of the Wireless communications provider’s stock valued at $61,516,000 after purchasing an additional 402,785 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of T-Mobile Us by 25.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,664,942 shares of the Wireless communications provider’s stock valued at $105,906,000 after purchasing an additional 339,891 shares during the period. Hedge funds and other institutional investors own 32.53% of the company’s stock.

In other news, COO G Michael Sievert sold 4,766 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the sale, the chief operating officer now owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

TMUS stock opened at $76.01 on Friday. T-Mobile Us Inc has a twelve month low of $55.23 and a twelve month high of $80.93. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.56. The company has a market cap of $64.94 billion, a PE ratio of 22.62, a P/E/G ratio of 1.24 and a beta of 0.44.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11 billion. During the same quarter last year, the company earned $0.78 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts anticipate that T-Mobile Us Inc will post 4.12 EPS for the current year.

A number of research firms have recently issued reports on TMUS. Nomura lifted their price objective on shares of T-Mobile Us from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Zacks Investment Research upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Thursday, April 11th. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. KeyCorp lifted their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Argus reiterated a “buy” rating on shares of T-Mobile Us in a research note on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.15.

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T-Mobile Us 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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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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