Fiduciary Trust Co Acquires 540 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fiduciary Trust Co increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,126 shares of the Wireless communications provider’s stock after purchasing an additional 540 shares during the period. Fiduciary Trust Co’s holdings in T-Mobile US were worth $2,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners bought a new stake in T-Mobile US during the fourth quarter worth about $29,000. Albion Financial Group UT purchased a new position in shares of T-Mobile US in the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC increased its position in shares of T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 1.5 %

TMUS opened at $243.81 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52 week low of $161.72 and a 52 week high of $276.49. The stock has a market cap of $276.83 billion, a PE ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. The business has a 50 day moving average of $256.32 and a 200-day moving average of $242.71.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TMUS. JPMorgan Chase & Co. upped their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. 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. Benchmark reiterated a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Finally, Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $257.68.

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.