Norinchukin Bank The Purchases 4,543 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Norinchukin Bank The increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 60,694 shares of the Wireless communications provider’s stock after buying an additional 4,543 shares during the period. Norinchukin Bank The’s holdings in T-Mobile US were worth $7,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Credit Agricole S A grew its holdings in T-Mobile US by 4,000.0% during the 4th quarter. Credit Agricole S A now owns 205 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 200 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of T-Mobile US by 132.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 239 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 136 shares in the last quarter. Assetmark Inc. grew its stake in T-Mobile US by 135.8% during the fourth quarter. Assetmark Inc. now owns 257 shares of the Wireless communications provider’s stock worth $35,000 after purchasing an additional 148 shares during the period. First Bank & Trust acquired a new stake in T-Mobile US during the first quarter worth approximately $36,000. Finally, Atwood & Palmer Inc. increased its holdings in T-Mobile US by 48.5% in the first quarter. Atwood & Palmer Inc. now owns 306 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 38.91% of the company’s stock.

In other news, CMO Matthew A. Staneff sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $139.60, for a total value of $6,282,000.00. Following the transaction, the chief marketing officer now owns 61,812 shares in the company, valued at approximately $8,628,955.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Neville R. Ray sold 17,600 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $130.01, for a total value of $2,288,176.00. Following the completion of the transaction, the insider now owns 445,264 shares in the company, valued at approximately $57,888,772.64. The disclosure for this sale can be found here. Insiders sold a total of 156,647 shares of company stock worth $21,717,282 in the last 90 days. Company insiders own 0.47% of the company’s stock.

TMUS has been the subject of several research analyst reports. Raymond James lifted their price objective on shares of T-Mobile US from $145.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday, May 5th. Royal Bank of Canada set a $133.00 price target on shares of T-Mobile US and gave the company a “neutral” rating in a research note on Wednesday, May 5th. Credit Suisse Group set a $165.00 price objective on shares of T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, May 5th. HSBC raised their target price on T-Mobile US from $132.00 to $139.00 and gave the company a “hold” rating in a research note on Monday, May 24th. Finally, Wells Fargo & Company raised their target price on T-Mobile US from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 12th. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $153.87.

TMUS stock opened at $146.51 on Friday. The firm has a market cap of $182.68 billion, a P/E ratio of 60.29, a P/E/G ratio of 1.25 and a beta of 0.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.96 and a quick ratio of 0.85. T-Mobile US, Inc. has a 52-week low of $100.11 and a 52-week high of $148.70. The company’s 50-day moving average is $135.86.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.19. T-Mobile US had a return on equity of 7.19% and a net margin of 3.95%. The business had revenue of $19.76 billion during the quarter, compared to the consensus estimate of $18.99 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 77.8% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 2.32 earnings per share for the current 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 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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

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