Plato Investment Management Ltd Has $4.27 Million Stock Position in T-Mobile US, Inc. $TMUS

Plato Investment Management Ltd cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 15,822 shares of the Wireless communications provider’s stock after selling 920 shares during the quarter. Plato Investment Management Ltd’s holdings in T-Mobile US were worth $4,266,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after purchasing an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in T-Mobile US by 12.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider’s stock valued at $856,705,000 after buying an additional 423,993 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Wall Street Zen downgraded T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Finally, Bank of America started coverage on T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.02.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $242.72 on Wednesday. The company has a market cap of $273.16 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a 52 week low of $194.41 and a 52 week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $243.14 and a 200-day moving average of $247.18.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 2,627,930 shares of company stock worth $627,921,781 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

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 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.