T-Mobile US, Inc. (NASDAQ:TMUS) Stake Lifted by Argent Trust Co

Argent Trust Co raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,535 shares of the Wireless communications provider’s stock after buying an additional 129 shares during the quarter. Argent Trust Co’s holdings in T-Mobile US were worth $975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. increased its position in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares during the period. Clearbridge Investments LLC raised its stake in T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares in the last quarter. Finally, Capital International Investors boosted its position in T-Mobile US by 27.1% during the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock worth $426,528,000 after acquiring an additional 567,390 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMUS. Citigroup lifted their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Oppenheimer raised their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group started coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Finally, Benchmark increased their price target on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $210.25.

T-Mobile US Price Performance

TMUS stock opened at $199.64 on Friday. The firm has a 50-day moving average of $191.90 and a two-hundred day moving average of $176.21. The firm has a market capitalization of $233.95 billion, a PE ratio of 27.16, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 706,875 shares of company stock valued at $130,909,198. Company insiders own 0.67% of the company’s stock.

About T-Mobile US

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.