IFM Investors Pty Ltd Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)
IFM Investors Pty Ltd increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,599 shares of the Wireless communications provider’s stock after purchasing an additional 7,925 shares during the quarter. IFM Investors Pty Ltd’s holdings in T-Mobile US were worth $7,228,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TMUS. FMR LLC boosted its position in shares of T-Mobile US by 25.5% during the second quarter. FMR LLC now owns 42,459,770 shares of the Wireless communications provider’s stock worth $4,422,185,000 after acquiring an additional 8,614,541 shares during the last quarter. State Street Corp boosted its position in shares of T-Mobile US by 5.4% during the 3rd quarter. State Street Corp now owns 24,730,280 shares of the Wireless communications provider’s stock valued at $2,828,155,000 after acquiring an additional 1,264,809 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of T-Mobile US by 6.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 7,707,136 shares of the Wireless communications provider’s stock valued at $802,655,000 after acquiring an additional 453,362 shares during the last quarter. Egerton Capital UK LLP grew its holdings in shares of T-Mobile US by 83.1% in the third quarter. Egerton Capital UK LLP now owns 7,690,801 shares of the Wireless communications provider’s stock valued at $879,520,000 after purchasing an additional 3,490,401 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in T-Mobile US by 6.1% in the third quarter. Nuveen Asset Management LLC now owns 6,446,467 shares of the Wireless communications provider’s stock worth $737,218,000 after purchasing an additional 370,320 shares during the last quarter. Hedge funds and other institutional investors own 49.64% of the company’s stock.
T-Mobile US stock traded down $0.19 during midday trading on Wednesday, hitting $128.50. 2,909,787 shares of the company’s stock were exchanged, compared to its average volume of 3,714,150. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.98 and a current ratio of 1.05. The company has a market cap of $159.49 billion, a PE ratio of 41.86, a P/E/G ratio of 3.34 and a beta of 0.32. The firm has a 50-day moving average of $132.20 and a two-hundred day moving average of $118.15. T-Mobile US, Inc. has a 12 month low of $63.50 and a 12 month high of $135.54.
A number of brokerages have commented on TMUS. KeyCorp lifted their price objective on shares of T-Mobile US from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. set a $150.00 target price on T-Mobile US and gave the stock a “buy” rating in a report on Thursday, November 19th. Zacks Investment Research upgraded T-Mobile US from a “sell” rating to a “hold” rating and set a $123.00 price target on the stock in a report on Monday, October 12th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $124.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 11th. Finally, Sanford C. Bernstein set a $172.00 target price on shares of T-Mobile US and gave the stock a “buy” rating in a report on Thursday, January 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $136.15.
In related news, EVP David A. Miller sold 10,000 shares of the company’s stock in a transaction on Monday, December 7th. The stock was sold at an average price of $132.08, for a total transaction of $1,320,800.00. Following the completion of the sale, the executive vice president now directly owns 126,142 shares in the company, valued at approximately $16,660,835.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.
About T-Mobile US
T-Mobile US, Inc, through its subsidiaries, provides wireless services for branded postpaid and prepaid, and wholesale customers in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services. It also provides wireless devices, including smartphones, wearables, tablets, and other mobile communication devices, as well as accessories; and wirelines services.
See Also: Hold Rating
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