Dai Ichi Life Insurance Company Ltd raised its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 67.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,686 shares of the Wireless communications provider’s stock after buying an additional 30,952 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in T-Mobile Us were worth $7,987,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in T-Mobile Us by 115.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 129,880 shares of the Wireless communications provider’s stock worth $13,527,000 after buying an additional 69,700 shares during the period. Retirement Network acquired a new stake in T-Mobile Us during the first quarter worth about $177,000. Clarius Group LLC purchased a new stake in T-Mobile Us in the 2nd quarter valued at about $255,000. Flagship Harbor Advisors LLC raised its holdings in shares of T-Mobile Us by 13.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,654 shares of the Wireless communications provider’s stock valued at $484,000 after buying an additional 541 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of T-Mobile Us by 30.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,098 shares of the Wireless communications provider’s stock worth $1,156,000 after acquiring an additional 2,576 shares during the period. Institutional investors and hedge funds own 49.64% of the company’s stock.
Shares of TMUS traded down $0.28 during midday trading on Monday, reaching $115.98. 56,878 shares of the stock were exchanged, compared to its average volume of 6,096,405. T-Mobile Us Inc has a twelve month low of $63.50 and a twelve month high of $118.00. The company has a market cap of $143.91 billion, a P/E ratio of 37.87, a PEG ratio of 3.70 and a beta of 0.30. The stock’s 50 day simple moving average is $109.92 and its 200 day simple moving average is $97.62. The company has a quick ratio of 0.98, a current ratio of 1.05 and a debt-to-equity ratio of 1.14.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). T-Mobile Us had a net margin of 5.19% and a return on equity of 9.60%. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.72 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. T-Mobile Us’s quarterly revenue was up 61.0% compared to the same quarter last year. As a group, analysts predict that T-Mobile Us Inc will post 2.55 earnings per share for the current year.
In related news, insider Ronald D. Fisher acquired 350,000 shares of T-Mobile Us stock in a transaction dated Friday, June 26th. The stock was bought at an average price of $103.00 per share, with a total value of $36,050,000.00. Following the transaction, the insider now directly owns 221,672 shares in the company, valued at approximately $22,832,216. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David A. Miller sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $114.51, for a total transaction of $2,290,200.00. Following the transaction, the executive vice president now owns 181,142 shares in the company, valued at approximately $20,742,570.42. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.
A number of equities analysts have recently issued reports on TMUS shares. Citigroup raised their target price on shares of T-Mobile Us from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. BidaskClub cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $140.00 target price (up from $110.00) on shares of T-Mobile Us in a research note on Friday, August 7th. Royal Bank of Canada set a $110.00 price target on T-Mobile Us and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Nomura Instinet increased their price objective on shares of T-Mobile Us from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $118.09.
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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