T-Mobile Us Inc (NASDAQ:TMUS) Shares Sold by Corvex Management LP

Corvex Management LP trimmed its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 18.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,449,234 shares of the Wireless communications provider’s stock after selling 331,196 shares during the quarter. T-Mobile Us comprises 4.1% of Corvex Management LP’s investment portfolio, making the stock its 5th biggest holding. Corvex Management LP owned 0.17% of T-Mobile Us worth $107,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of T-Mobile Us by 17.5% in the 2nd quarter. BlackRock Inc. now owns 17,733,859 shares of the Wireless communications provider’s stock valued at $1,314,789,000 after buying an additional 2,647,322 shares during the period. FMR LLC increased 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 buying an additional 2,601,725 shares in the last quarter. FIL Ltd increased 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 buying an additional 1,610,535 shares in the last quarter. Invesco Ltd. increased its position in T-Mobile Us by 16.5% during the second quarter. Invesco Ltd. now owns 9,195,199 shares of the Wireless communications provider’s stock worth $681,731,000 after buying an additional 1,300,620 shares in the last quarter. Finally, AJO LP increased 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 buying an additional 978,972 shares in the last quarter. 33.06% of the stock is owned by institutional investors.

Several research firms have weighed in on TMUS. William Blair reissued an “outperform” rating on shares of T-Mobile Us in a research report on Monday, July 29th. Wells Fargo & Co lifted their price objective on T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research report on Monday, July 29th. ValuEngine raised T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Royal Bank of Canada set a $87.00 price objective on T-Mobile Us and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, HSBC set a $85.00 price objective on T-Mobile Us and gave the company a “buy” rating in a research report on Monday, June 3rd. One investment 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.55.



Shares of NASDAQ:TMUS traded down $0.30 during midday trading on Wednesday, reaching $79.91. The company’s stock had a trading volume of 416,273 shares, compared to its average volume of 1,914,508. T-Mobile Us Inc has a 1 year low of $59.96 and a 1 year high of $85.22. The firm has a market cap of $66.08 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth 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 50 day moving average price of $78.14 and a 200 day moving average price of $75.45.

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 anticipate that T-Mobile Us Inc will post 4.36 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 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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