PNC Financial Services Group Inc. boosted its position in T-Mobile US Inc (NASDAQ:TMUS) by 1,887.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,053,568 shares of the Wireless communications provider’s stock after purchasing an additional 1,000,552 shares during the period. PNC Financial Services Group Inc. owned about 0.13% of T-Mobile US worth $63,865,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. OZ Management LP lifted its position in shares of T-Mobile US by 35.7% during the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after acquiring an additional 455,847 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after acquiring an additional 1,789 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of T-Mobile US during the second quarter worth $1,390,000. APG Asset Management N.V. lifted its position in shares of T-Mobile US by 11.8% during the second quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after acquiring an additional 376,200 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of T-Mobile US by 2,770.0% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock worth $9,279,000 after acquiring an additional 138,500 shares in the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.

T-Mobile US Inc (TMUS) remained flat at $61.17 during mid-day trading on Friday. 5,597,554 shares of the stock were exchanged. T-Mobile US Inc has a one year low of $44.49 and a one year high of $68.88. The company has a market cap of $50.84 billion, a price-to-earnings ratio of 25.92 and a beta of 0.47. The firm has a 50 day moving average price of $63.38 and a 200-day moving average price of $63.83.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that T-Mobile US Inc will post $2.29 earnings per share for the current fiscal year.

Several research firms have issued reports on TMUS. Royal Bank Of Canada restated a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) began coverage on T-Mobile US in a research report on Monday, May 22nd. They set a “buy” rating on the stock. Drexel Hamilton began coverage on T-Mobile US in a research report on Thursday, June 8th. They set a “buy” rating and a $80.00 target price on the stock. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company restated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a research report on Friday, August 25th. Twelve analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $70.15.

WARNING: “T-Mobile US Inc (TMUS) Shares Bought by PNC Financial Services Group Inc.” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/17/t-mobile-us-inc-tmus-shares-bought-by-pnc-financial-services-group-inc.html.

About T-Mobile US

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.

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

Receive News & Stock Ratings for T-Mobile US Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc and related stocks with our FREE daily email newsletter.