Daiwa Securities Group Inc. raised its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 17.5% during the second quarter, Holdings Channel reports. The institutional investor owned 8,050 shares of the company’s stock after buying an additional 1,200 shares during the period. Daiwa Securities Group Inc.’s holdings in T-Mobile US were worth $348,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Junto Capital Management LP purchased a new position in T-Mobile US during the first quarter worth about $31,310,000. Royal Bank of Canada increased its position in T-Mobile US by 84.5% in the first quarter. Royal Bank of Canada now owns 539,418 shares of the company’s stock worth $20,659,000 after buying an additional 246,987 shares during the period. Geode Capital Management LLC increased its position in T-Mobile US by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,937,905 shares of the company’s stock worth $74,182,000 after buying an additional 38,059 shares during the period. Invictus RG increased its position in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock worth $139,000 after buying an additional 2,795 shares during the period. Finally, Creative Planning increased its position in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock worth $129,000 after buying an additional 924 shares during the period. Institutional investors and hedge funds own 34.17% of the company’s stock.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded up 0.56% during midday trading on Friday, hitting $46.72. The stock had a trading volume of 3,805,948 shares. The firm has a 50 day moving average price of $46.43 and a 200-day moving average price of $42.94. The stock has a market cap of $38.44 billion, a PE ratio of 35.94 and a beta of 0.76. T-Mobile US Inc. has a 52-week low of $33.23 and a 52-week high of $48.11.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. The business earned $9.20 billion during the quarter, compared to the consensus estimate of $9.03 billion. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. Equities analysts predict that T-Mobile US Inc. will post $1.30 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on TMUS shares. Citigroup Inc. restated a “buy” rating and issued a $51.00 price target (up from $47.00) on shares of T-Mobile US in a research note on Monday, June 13th. Jefferies Group restated a “buy” rating and issued a $45.00 price target on shares of T-Mobile US in a research note on Wednesday, June 8th. Zacks Investment Research upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, July 12th. Deutsche Bank AG raised their price target on T-Mobile US from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Finally, BTIG Research raised their price target on T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $49.15.
In other news, EVP David A. Miller sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $44.00, for a total transaction of $440,000.00. Following the completion of the sale, the executive vice president now owns 119,816 shares in the company, valued at approximately $5,271,904. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Christopher Keys sold 14,700 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $47.11, for a total transaction of $692,517.00. Following the sale, the insider now owns 355,876 shares of the company’s stock, valued at approximately $16,765,318.36. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
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