Smithfield Trust Co. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1,513.6% during the second quarter, Holdings Channel reports. The firm owned 1,904 shares of the Wireless communications provider’s stock after buying an additional 1,786 shares during the period. Smithfield Trust Co.’s holdings in T-Mobile US were worth $115,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TMUS. Korea Investment CORP boosted its position in shares of T-Mobile US by 1.5% in the second quarter. Korea Investment CORP now owns 794,877 shares of the Wireless communications provider’s stock worth $48,185,000 after buying an additional 11,731 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of T-Mobile US by 66.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 87,811 shares of the Wireless communications provider’s stock worth $5,323,000 after buying an additional 35,115 shares in the last quarter. IPG Investment Advisors LLC bought a new position in shares of T-Mobile US during the second quarter worth $326,000. World Asset Management Inc boosted its position in shares of T-Mobile US by 1.3% in the second quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock worth $780,000 after buying an additional 164 shares in the last quarter. Finally, Accuvest Global Advisors boosted its position in shares of T-Mobile US by 15.9% in the second quarter. Accuvest Global Advisors now owns 8,326 shares of the Wireless communications provider’s stock worth $505,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 36.75% of the company’s stock.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.80 on Thursday. The company has a 50 day moving average price of $62.00 and a 200 day moving average price of $63.56. T-Mobile US, Inc. has a 52 week low of $44.35 and a 52 week high of $68.88. The company has a market cap of $53.02 billion, a PE ratio of 27.03 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. T-Mobile US’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post $2.33 earnings per share for the current year.

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A number of brokerages recently weighed in on TMUS. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research note on Wednesday, June 28th. William Blair reissued a “buy” rating on shares of T-Mobile US in a research note on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, Robert W. Baird lifted their price target on T-Mobile US from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $68.82.

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

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