TD Asset Management Inc. lifted its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 448,666 shares of the Wireless communications provider’s stock after purchasing an additional 3,220 shares during the period. TD Asset Management Inc. owned approximately 0.05% of T-Mobile Us worth $33,264,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its position in T-Mobile Us by 11.9% during the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock worth $1,691,080,000 after acquiring an additional 2,601,725 shares during the last quarter. FIL Ltd raised its position in T-Mobile Us by 32.1% during the first quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock worth $457,701,000 after acquiring an additional 1,610,535 shares during the last quarter. AJO LP raised its position in T-Mobile Us by 225.9% during the first quarter. AJO LP now owns 1,412,252 shares of the Wireless communications provider’s stock worth $97,587,000 after acquiring an additional 978,972 shares during the last quarter. Neuberger Berman Group LLC raised its position in T-Mobile Us by 16.9% during the first quarter. Neuberger Berman Group LLC now owns 6,423,089 shares of the Wireless communications provider’s stock worth $443,835,000 after acquiring an additional 927,635 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in T-Mobile Us by 46.9% during the second quarter. CIBC Private Wealth Group LLC now owns 2,533,527 shares of the Wireless communications provider’s stock worth $187,837,000 after acquiring an additional 808,826 shares during the last quarter. Hedge funds and other institutional investors own 32.67% of the company’s stock.
In related news, COO G Michael Sievert sold 9,324 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total value of $703,962.00. Following the completion of the sale, the chief operating officer now directly owns 533,965 shares in the company, valued at $40,314,357.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.
T-Mobile Us stock traded up $0.53 during trading on Friday, reaching $77.80. The company had a trading volume of 57,699 shares, compared to its average volume of 4,945,377. T-Mobile Us Inc has a 12-month low of $59.96 and a 12-month high of $85.22. The stock’s 50 day moving average price is $77.90 and its two-hundred day moving average price is $74.31. The firm has a market capitalization of $66.40 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.50 and a beta of 0.36. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.54 and a current ratio of 0.62.
T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.30. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. T-Mobile Us’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts expect that T-Mobile Us Inc will post 4.19 earnings per share for the current year.
T-Mobile Us Company 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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