Fulton Bank N.A. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,302 shares of the Wireless communications provider’s stock after purchasing an additional 199 shares during the period. Fulton Bank N.A.’s holdings in T-Mobile US were worth $445,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Core Alternative Capital grew its holdings in T-Mobile US by 600.0% during the 1st quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. San Luis Wealth Advisors LLC bought a new position in T-Mobile US during the 1st quarter valued at about $31,000. Steward Financial Group LLC bought a new position in T-Mobile US during the 1st quarter valued at about $32,000. Finally, Tcwp LLC bought a new position in T-Mobile US during the 1st quarter valued at about $34,000. 45.24% of the stock is currently owned by institutional investors.
Insider Activity at T-Mobile US
In other T-Mobile US news, insider Callie R. Field sold 6,944 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $144.00, for a total transaction of $999,936.00. Following the transaction, the insider now owns 91,427 shares in the company, valued at approximately $13,165,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the chief executive officer now owns 634,472 shares in the company, valued at $93,216,626.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Callie R. Field sold 6,944 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $144.00, for a total transaction of $999,936.00. Following the completion of the sale, the insider now owns 91,427 shares in the company, valued at approximately $13,165,488. The disclosure for this sale can be found here. Insiders sold 101,846 shares of company stock valued at $14,808,930 over the last 90 days. Insiders own 0.68% of the company’s stock.
Analysts Set New Price Targets
T-Mobile US Trading Down 0.8 %
NASDAQ:TMUS opened at $139.95 on Friday. T-Mobile US, Inc. has a 52 week low of $101.51 and a 52 week high of $148.04. The firm has a 50 day moving average of $141.84 and a 200 day moving average of $133.89. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $175.50 billion, a price-to-earnings ratio of 102.15, a PEG ratio of 2.19 and a beta of 0.48.
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $1.02. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The company had revenue of $19.70 billion during the quarter, compared to analysts’ expectations of $20.08 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. T-Mobile US’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 2.22 earnings per share for the current fiscal year.
T-Mobile US Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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