Axa S.A. Sells 5,585 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Axa S.A. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,421 shares of the Wireless communications provider’s stock after selling 5,585 shares during the period. Axa S.A.’s holdings in T-Mobile US were worth $7,302,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FFT Wealth Management LLC bought a new stake in T-Mobile US during the second quarter valued at $32,000. Eagle Bay Advisors LLC bought a new stake in T-Mobile US during the second quarter valued at $34,000. Harvest Fund Management Co. Ltd bought a new stake in T-Mobile US during the second quarter valued at $34,000. Credit Agricole S A boosted its stake in T-Mobile US by 74.1% during the first quarter. Credit Agricole S A now owns 357 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 152 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in T-Mobile US by 86.3% during the first quarter. Manchester Capital Management LLC now owns 367 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 170 shares during the period. 38.99% of the stock is owned by institutional investors.

Several brokerages have issued reports on TMUS. Redburn Partners lowered T-Mobile US from a “neutral” rating to a “sell” rating in a research note on Friday, October 1st. Raymond James boosted their target price on shares of T-Mobile US from $146.00 to $151.00 and gave the company an “outperform” rating in a research note on Monday, August 2nd. Truist boosted their target price on shares of T-Mobile US from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Credit Suisse Group set a $165.00 price objective on T-Mobile US in a research note on Monday, September 27th. Finally, KeyCorp increased their price target on T-Mobile US from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, July 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $164.17.

In related news, EVP David A. Miller sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $143.31, for a total transaction of $429,930.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $142.63, for a total transaction of $2,852,600.00. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

Shares of NASDAQ:TMUS opened at $116.46 on Thursday. The firm has a market cap of $145.34 billion, a PE ratio of 37.33 and a beta of 0.55. The firm’s 50 day simple moving average is $132.97 and its 200-day simple moving average is $137.22. T-Mobile US, Inc. has a one year low of $107.56 and a one year high of $150.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 29th. The Wireless communications provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.26. The business had revenue of $19.95 billion for the quarter, compared to analyst estimates of $19.39 billion. T-Mobile US had a net margin of 4.93% and a return on equity of 7.41%. During the same period last year, the company posted $0.09 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 2.46 EPS for the current fiscal year.

About T-Mobile US

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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

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