Morgan Stanley Has $607.50 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Morgan Stanley increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 62.2% in the 1st quarter, Holdings Channel reports. The firm owned 4,848,745 shares of the Wireless communications provider’s stock after purchasing an additional 1,858,726 shares during the period. Morgan Stanley’s holdings in T-Mobile US were worth $607,499,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in T-Mobile US by 1.2% during the first quarter. BlackRock Inc. now owns 40,158,875 shares of the Wireless communications provider’s stock valued at $5,031,505,000 after acquiring an additional 463,813 shares during the period. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter worth about $3,012,719,000. Viking Global Investors LP lifted its position in shares of T-Mobile US by 18.1% during the 1st quarter. Viking Global Investors LP now owns 10,285,244 shares of the Wireless communications provider’s stock worth $1,288,638,000 after purchasing an additional 1,579,763 shares during the last quarter. Geode Capital Management LLC boosted its stake in T-Mobile US by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 10,059,885 shares of the Wireless communications provider’s stock valued at $1,257,145,000 after purchasing an additional 173,374 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in T-Mobile US by 24.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,960,073 shares of the Wireless communications provider’s stock valued at $1,247,898,000 after buying an additional 1,930,835 shares during the last quarter. 38.84% of the stock is owned by hedge funds and other institutional investors.

NASDAQ TMUS opened at $144.57 on Thursday. The stock’s 50 day simple moving average is $143.74. T-Mobile US, Inc. has a one year low of $104.00 and a one year high of $150.20. The company has a market cap of $180.26 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 1.31 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.85 and a current ratio of 0.96.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, May 4th. The Wireless communications provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.19. The company had revenue of $19.76 billion for the quarter, compared to analyst estimates of $18.99 billion. T-Mobile US had a return on equity of 7.19% and a net margin of 3.95%. The business’s revenue was up 77.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 2.17 earnings per share for the current year.

In related news, insider Neville R. Ray sold 30,577 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $140.05, for a total value of $4,282,308.85. Following the completion of the transaction, the insider now owns 509,069 shares in the company, valued at approximately $71,295,113.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Miller sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $130.87, for a total value of $1,308,700.00. Following the transaction, the executive vice president now directly owns 195,122 shares in the company, valued at approximately $25,535,616.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,047 shares of company stock worth $19,429,106. 0.69% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. KeyCorp increased their price objective on T-Mobile US from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada set a $133.00 price target on shares of T-Mobile US and gave the stock a “neutral” rating in a research report on Wednesday, May 5th. Barclays reaffirmed a “buy” rating and set a $150.00 price objective on shares of T-Mobile US in a research report on Wednesday, May 5th. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $155.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Finally, DZ Bank assumed coverage on T-Mobile US in a research report on Tuesday. They issued a “buy” rating and a $170.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $155.96.

T-Mobile US Profile

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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

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