Camden National Bank increased its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,849 shares of the Wireless communications provider’s stock after buying an additional 218 shares during the period. Camden National Bank’s holdings in T-Mobile Us were worth $4,289,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its holdings in T-Mobile Us by 272.8% in the second quarter. Capital Investment Advisory Services LLC now owns 343 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 251 shares during the period. Sandy Spring Bank purchased a new stake in shares of T-Mobile Us in the first quarter valued at approximately $30,000. Bremer Bank National Association purchased a new stake in shares of T-Mobile Us in the first quarter valued at approximately $51,000. Coastal Capital Group Inc. purchased a new stake in shares of T-Mobile Us in the second quarter valued at approximately $53,000. Finally, Alera Investment Advisors LLC purchased a new stake in shares of T-Mobile Us during the first quarter worth approximately $56,000. Hedge funds and other institutional investors own 33.14% of the company’s stock.
Shares of NASDAQ:TMUS opened at $79.73 on Friday. T-Mobile Us Inc has a 52 week low of $59.96 and a 52 week high of $85.22. The company has a market cap of $66.97 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.47 and a beta of 0.42. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $78.49 and a 200-day simple moving average of $75.28.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. The firm had revenue of $10.98 billion for the quarter, compared to analysts’ expectations of $11.14 billion. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Sell-side analysts expect that T-Mobile Us Inc will post 4.36 earnings per share for the current fiscal year.
Several analysts recently commented on the company. UBS Group reiterated a “buy” rating and set a $96.00 price target on shares of T-Mobile Us in a research report on Monday, July 29th. HSBC set a $85.00 target price on T-Mobile Us and gave the company a “buy” rating in a report on Monday, June 3rd. Nomura upped their target price on T-Mobile Us from $76.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Raymond James upped their price target on T-Mobile Us from $86.00 to $94.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Oppenheimer reissued a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $89.55.
In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total transaction of $703,962.00. Following the transaction, the chief operating officer now owns 533,965 shares in the company, valued at $40,314,357.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.
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 79.7 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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