T-Mobile US Inc. (TMUS) Shares Sold by ING Groep NV
ING Groep NV cut its position in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 108,683 shares of the company’s stock after selling 307 shares during the period. ING Groep NV’s holdings in T-Mobile US were worth $4,702,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning boosted its position in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock valued at $129,000 after buying an additional 924 shares in the last quarter. Invictus RG boosted its position in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock valued at $139,000 after buying an additional 2,795 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in T-Mobile US by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,386 shares of the company’s stock valued at $147,000 after buying an additional 48 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in T-Mobile US during the first quarter valued at $210,000. Finally, Hartford Investment Management Co. purchased a new position in T-Mobile US during the second quarter valued at $213,000. 34.17% of the stock is owned by hedge funds and other institutional investors.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded up 0.34% during midday trading on Monday, reaching $46.88. The company had a trading volume of 2,103,536 shares. The company has a 50 day moving average price of $46.42 and a 200-day moving average price of $43.10. The firm has a market capitalization of $38.57 billion, a P/E ratio of 36.06 and a beta of 0.51. T-Mobile US Inc. has a one year low of $33.23 and a one year high of $48.11.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. On average, analysts anticipate that T-Mobile US Inc. will post $1.30 EPS for the current fiscal year.
Several research analysts have recently weighed in on TMUS shares. Vetr cut T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 price objective for the company. in a research report on Monday, September 19th. Wells Fargo & Co. upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $49.00 to $54.00 in a report on Monday, August 29th. They noted that the move was a valuation call. HSBC reiterated a “hold” rating on shares of T-Mobile US in a report on Wednesday, September 28th. FBR & Co upped their target price on T-Mobile US from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Finally, Jefferies Group upped their target price on T-Mobile US from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.12.
In other news, insider Thomas Christopher Keys sold 14,700 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the transaction, the insider now owns 355,876 shares in the company, valued at approximately $16,765,318.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J Braxton Carter II sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $47.95, for a total value of $2,397,500.00. Following the completion of the transaction, the chief financial officer now owns 239,971 shares in the company, valued at approximately $11,506,609.45. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
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