T-Mobile US, Inc. (TMUS) Position Maintained by Capital Research Global Investors
Capital Research Global Investors held its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,393,705 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. Capital Research Global Investors owned approximately 1.01% of T-Mobile US worth $508,826,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. GLG Partners LP lifted its holdings in shares of T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock valued at $606,000 after acquiring an additional 31 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in T-Mobile US by 1.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 5,061 shares of the Wireless communications provider’s stock worth $307,000 after acquiring an additional 69 shares in the last quarter. World Asset Management Inc grew its position in 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 acquiring an additional 164 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in T-Mobile US by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock worth $3,541,000 after acquiring an additional 198 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in T-Mobile US by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $1,170,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.
T-Mobile US, Inc. (NASDAQ:TMUS) traded up 0.29% during mid-day trading on Tuesday, hitting $61.70. The company had a trading volume of 828,837 shares. T-Mobile US, Inc. has a 52-week low of $44.91 and a 52-week high of $68.88. The company has a 50-day moving average price of $63.24 and a 200 day moving average price of $63.91. The company has a market capitalization of $51.28 billion, a P/E ratio of 26.14 and a beta of 0.40.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. On average, analysts forecast that T-Mobile US, Inc. will post $2.29 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. Drexel Hamilton assumed coverage on T-Mobile US in a research report on Thursday, June 8th. They set a “buy” rating and a $80.00 price objective on the stock. BidaskClub cut T-Mobile US from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Credit Suisse Group reiterated a “hold” rating and issued a $69.00 target price on shares of T-Mobile US in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.15.
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T-Mobile US 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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