T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Synovus Financial Corp

Synovus Financial Corp raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% during the first quarter, Holdings Channel reports. The institutional investor owned 5,297 shares of the Wireless communications provider’s stock after buying an additional 765 shares during the period. Synovus Financial Corp’s holdings in T-Mobile US were worth $670,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TMUS. Credit Agricole S A grew its holdings in shares of T-Mobile US by 4,000.0% during the fourth quarter. Credit Agricole S A now owns 205 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings in shares of T-Mobile US by 132.0% during the first quarter. TCI Wealth Advisors Inc. now owns 239 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 136 shares during the last quarter. Assetmark Inc. grew its holdings in shares of 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 last quarter. First Bank & Trust purchased a new position in shares of T-Mobile US during the first quarter worth about $36,000. Finally, Atwood & Palmer Inc. grew its holdings in shares of T-Mobile US by 48.5% during 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 during the last quarter. Institutional investors own 38.91% of the company’s stock.

TMUS stock opened at $146.51 on Friday. The firm’s 50 day moving average is $135.86. T-Mobile US, Inc. has a 12-month low of $100.11 and a 12-month high of $148.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market cap of $182.68 billion, a P/E ratio of 60.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.58.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, May 4th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.19. T-Mobile US had a net margin of 3.95% and a return on equity of 7.19%. The company had revenue of $19.76 billion during the quarter, compared to the consensus estimate of $18.99 billion. During the same period last year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 77.8% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 2.32 earnings per share for the current year.

In other news, insider Neville R. Ray sold 17,600 shares of T-Mobile US stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $130.01, for a total transaction of $2,288,176.00. Following the completion of the sale, the insider now directly owns 445,264 shares in the company, valued at approximately $57,888,772.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter Osvaldik sold 15,970 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 9th. The stock was sold at an average price of $145.59, for a total value of $2,325,072.30. Following the transaction, the chief financial officer now owns 50,011 shares of the company’s stock, valued at $7,281,101.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,647 shares of company stock valued at $21,717,282. Insiders own 0.47% of the company’s stock.

TMUS has been the topic of several research reports. Morgan Stanley raised their price objective on T-Mobile US from $143.00 to $146.00 and gave the stock an “overweight” rating in a report on Wednesday, May 12th. Benchmark assumed coverage on T-Mobile US in a report on Thursday, May 27th. They set a “buy” rating and a $187.00 price target on the stock. Credit Suisse Group set a $165.00 price target on T-Mobile US and gave the stock a “buy” rating in a report on Wednesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and set a $160.00 price target on shares of T-Mobile US in a report on Monday, April 12th. Finally, Raymond James raised their price target on T-Mobile US from $145.00 to $146.00 and gave the stock an “outperform” rating in a report on Wednesday, May 5th. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. T-Mobile US presently has a consensus rating of “Buy” and an average price target of $153.87.

T-Mobile US 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.

Further Reading: Golden Cross

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

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