Pictet Asset Management Ltd. cut its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,956 shares of the Wireless communications provider’s stock after selling 1,100 shares during the quarter. Pictet Asset Management Ltd.’s holdings in T-Mobile Us were worth $8,745,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AO Asset Management LP raised its holdings in T-Mobile Us by 5.5% during the first quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock valued at $70,510,000 after acquiring an additional 53,400 shares during the period. Tuttle Tactical Management bought a new stake in shares of T-Mobile Us in the first quarter worth about $1,962,000. Stone Ridge Asset Management LLC increased its holdings in shares of T-Mobile Us by 6.5% in the second quarter. Stone Ridge Asset Management LLC now owns 13,199 shares of the Wireless communications provider’s stock worth $979,000 after purchasing an additional 800 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of T-Mobile Us by 6.7% in the first quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock worth $54,621,000 after purchasing an additional 49,344 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of T-Mobile Us by 11.9% in the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock worth $1,691,080,000 after purchasing an additional 2,601,725 shares during the last quarter. 33.14% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on TMUS shares. ValuEngine raised T-Mobile Us from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. William Blair reaffirmed an “outperform” rating on shares of T-Mobile Us in a report on Monday, July 29th. UBS Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of T-Mobile Us in a report on Monday, July 29th. Barclays reaffirmed a “buy” rating and issued a $93.00 target price on shares of T-Mobile Us in a report on Monday, July 29th. Finally, Wells Fargo & Co lifted their target price on T-Mobile Us from $82.00 to $98.00 and gave the stock a “positive” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile Us presently has a consensus rating of “Buy” and an average target price of $89.55.

In related news, COO G Michael Sievert sold 9,324 shares of T-Mobile Us stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total value of $703,962.00. Following the completion of the transaction, the chief operating officer now owns 533,965 shares in the company, valued at $40,314,357.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

TMUS traded down $0.29 on Friday, hitting $79.40. The company had a trading volume of 1,504,845 shares, compared to its average volume of 1,985,574. The company has a market cap of $68.09 billion, a PE ratio of 23.63, a PEG ratio of 1.48 and a beta of 0.42. T-Mobile Us Inc has a 12-month low of $59.96 and a 12-month high of $85.22. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43. The business’s fifty day simple moving average is $78.45 and its 200 day simple moving average is $75.31.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.30. The company had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. On average, analysts anticipate that T-Mobile Us Inc will post 4.36 earnings per share for the current fiscal year.

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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

See Also: Gross Domestic Product (GDP)

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

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