Arizona State Retirement System Has $6.57 Million Position in T-Mobile US Inc (TMUS)
Arizona State Retirement System lowered its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,401 shares of the Wireless communications provider’s stock after selling 26,337 shares during the period. Arizona State Retirement System’s holdings in T-Mobile US were worth $6,567,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in T-Mobile US by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,405 shares of the Wireless communications provider’s stock valued at $1,662,000 after acquiring an additional 2,010 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in T-Mobile US by 151.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,920 shares of the Wireless communications provider’s stock valued at $601,000 after acquiring an additional 5,978 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in T-Mobile US in the second quarter valued at $345,000. Toronto Dominion Bank lifted its stake in T-Mobile US by 106.7% in the second quarter. Toronto Dominion Bank now owns 6,524 shares of the Wireless communications provider’s stock valued at $395,000 after acquiring an additional 3,368 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in T-Mobile US by 44.8% in the third quarter. Shell Asset Management Co. now owns 39,158 shares of the Wireless communications provider’s stock valued at $1,130,000 after acquiring an additional 12,110 shares during the last quarter. 34.82% of the stock is owned by institutional investors and hedge funds.
In other T-Mobile US news, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total value of $629,500.00. Following the completion of the sale, the executive vice president now owns 166,434 shares in the company, valued at approximately $10,477,020.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Telekom Holding B.V. Deutsche acquired 130,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of $60.19 per share, with a total value of $7,824,700.00. Following the purchase, the insider now directly owns 536,351,077 shares in the company, valued at $32,282,971,324.63. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 795,000 shares of company stock valued at $47,189,450 and have sold 73,620 shares valued at $4,708,192. Company insiders own 0.29% of the company’s stock.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. T-Mobile US’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. research analysts forecast that T-Mobile US Inc will post 3.25 earnings per share for the current year.
T-Mobile US announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
A number of analysts have commented on TMUS shares. Jefferies Group cut their price target on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Deutsche Bank upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and increased their price target for the company from $56.22 to $65.00 in a research note on Thursday, November 9th. BidaskClub cut shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Finally, Macquarie upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and four have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $70.23.
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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.
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