State of Wisconsin Investment Board Raises Position in T-Mobile US, Inc. (TMUS)
State of Wisconsin Investment Board boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,143 shares of the Wireless communications provider’s stock after acquiring an additional 14,541 shares during the period. State of Wisconsin Investment Board’s holdings in T-Mobile US were worth $22,330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Barrett Asset Management LLC bought a new position in T-Mobile US during the second quarter valued at about $110,000. Smithfield Trust Co. increased its stake in T-Mobile US by 1,513.6% during 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 during the period. D. Scott Neal Inc. bought a new position in T-Mobile US during the second quarter valued at about $116,000. Proficio Capital Partners LLC increased its stake in T-Mobile US by 54.7% during the second quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock valued at $157,000 after acquiring an additional 871 shares during the period. Finally, Captrust Financial Advisors bought a new position in T-Mobile US during the second quarter valued at about $159,000. Hedge funds and other institutional investors own 35.06% of the company’s stock.
T-Mobile US, Inc. (TMUS) opened at $56.80 on Friday. T-Mobile US, Inc. has a 1-year low of $51.54 and a 1-year high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $46,589.99, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.23 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts expect that T-Mobile US, Inc. will post 2.33 earnings per share for the current year.
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TMUS has been the topic of several research reports. Bank of America Corporation upped their price objective on T-Mobile US from $34.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, October 24th. Deutsche Bank AG lowered their price objective on T-Mobile US from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the company a “buy” rating in a research note on Wednesday, October 11th. UBS AG reiterated a “buy” rating and issued a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research note on Monday, November 6th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.91.
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.
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