T-Mobile US, Inc. (TMUS) Position Increased by Buckingham Capital Management Inc.
Buckingham Capital Management Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 119.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,308 shares of the Wireless communications provider’s stock after acquiring an additional 4,523 shares during the period. Buckingham Capital Management Inc.’s holdings in T-Mobile US were worth $504,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 306 shares in the last quarter. Barrett Asset Management LLC bought a new stake in T-Mobile US in the second quarter valued at $110,000. Fifth Third Bancorp boosted its holdings in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after acquiring an additional 680 shares in the last quarter. Smithfield Trust Co. boosted its holdings in T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after acquiring an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new stake in T-Mobile US in the second quarter valued at $116,000. Institutional investors and hedge funds own 34.72% of the company’s stock.
TMUS has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) upgraded shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and cut their price target for the company from $81.00 to $65.72 in a report on Friday, May 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. Drexel Hamilton initiated coverage on shares of T-Mobile US in a report on Thursday, June 8th. They issued a “buy” rating and a $80.00 price target on the stock. BidaskClub cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $69.00 price target on shares of T-Mobile US in a report on Friday, June 23rd. Twelve equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $70.06.
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) traded down 0.040% during trading on Wednesday, reaching $62.955. The company’s stock had a trading volume of 517,520 shares. The stock has a market capitalization of $52.32 billion, a PE ratio of 26.676 and a beta of 0.47. The firm’s 50-day moving average is $63.40 and its 200-day moving average is $63.86. T-Mobile US, Inc. has a 12-month low of $44.49 and a 12-month high of $68.88.
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 analysts’ consensus estimates 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 company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter last year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post $2.29 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 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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