Northern Trust Corp Purchases 185,684 Shares of T-Mobile Us Inc (NASDAQ:TMUS)

Northern Trust Corp lifted its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 7.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,686,572 shares of the Wireless communications provider’s stock after purchasing an additional 185,684 shares during the quarter. Northern Trust Corp’s holdings in T-Mobile Us were worth $199,184,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AO Asset Management LP lifted its position in shares of T-Mobile Us by 5.5% in the first quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock worth $70,510,000 after purchasing an additional 53,400 shares in the last quarter. Tuttle Tactical Management bought a new stake in T-Mobile Us during the 1st quarter worth about $1,962,000. Stone Ridge Asset Management LLC boosted its stake in shares of T-Mobile Us by 6.5% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,199 shares of the Wireless communications provider’s stock worth $979,000 after buying an additional 800 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of T-Mobile Us by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock worth $54,621,000 after buying an additional 49,344 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of T-Mobile Us by 11.9% in the 1st quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock valued at $1,691,080,000 after acquiring an additional 2,601,725 shares in the last quarter. 33.14% of the stock is owned by institutional investors.

TMUS traded up $0.94 during trading hours on Wednesday, reaching $79.32. The company’s stock had a trading volume of 122,581 shares, compared to its average volume of 2,054,870. T-Mobile Us Inc has a 52 week low of $59.96 and a 52 week high of $85.22. The company’s 50-day moving average is $78.46 and its 200-day moving average is $75.25. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.54 and a current ratio of 0.62. The firm has a market cap of $67.61 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.42.



T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. The business had revenue of $10.98 billion for the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. T-Mobile Us’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. Equities analysts anticipate that T-Mobile Us Inc will post 4.31 earnings per share for the current fiscal year.

Several analysts recently issued reports on TMUS shares. Oppenheimer reiterated a “market perform” rating on shares of T-Mobile Us in a report on Tuesday, August 27th. Royal Bank of Canada set a $87.00 price objective on T-Mobile Us and gave the stock a “buy” rating in a research note on Monday, August 5th. Raymond James increased their price objective on T-Mobile Us from $86.00 to $94.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 6th. BidaskClub cut shares of T-Mobile Us from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, William Blair restated an “outperform” rating on shares of T-Mobile Us in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.55.

In related news, COO G Michael Sievert sold 9,324 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was 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 approximately $40,314,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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