IBM Retirement Fund Increases Position in T-Mobile Us Inc (NASDAQ:TMUS)

IBM Retirement Fund raised its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 16.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,624 shares of the Wireless communications provider’s stock after purchasing an additional 1,647 shares during the quarter. IBM Retirement Fund’s holdings in T-Mobile Us were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Barnett & Company Inc. purchased a new position in T-Mobile Us in the 1st quarter worth about $25,000. WASHINGTON TRUST Co bought a new stake in T-Mobile Us during the 1st quarter valued at $34,000. Truvestments Capital LLC purchased a new stake in T-Mobile Us in the first quarter worth about $38,000. Keebeck Wealth Management LLC purchased a new stake in T-Mobile Us in the fourth quarter worth about $42,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of T-Mobile Us by 198.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 538 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 358 shares in the last quarter. 23.57% of the stock is owned by hedge funds and other institutional investors.

Shares of TMUS opened at $106.61 on Thursday. The company has a market capitalization of $147.21 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.03 and a beta of 0.30. T-Mobile Us Inc has a 52 week low of $63.50 and a 52 week high of $111.58. The stock’s 50-day moving average price is $102.61 and its 200-day moving average price is $89.94. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.27.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, May 6th. The Wireless communications provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.42 billion. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. As a group, equities analysts anticipate that T-Mobile Us Inc will post 1.84 EPS for the current fiscal year.

Several brokerages recently issued reports on TMUS. Raymond James reissued an “outperform” rating and set a $105.00 price objective (up from $99.00) on shares of T-Mobile Us in a report on Friday, May 22nd. Wells Fargo & Co boosted their price target on T-Mobile Us from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. restated a “buy” rating and set a $110.00 price objective on shares of T-Mobile Us in a research note on Thursday, May 7th. Oppenheimer reiterated a “hold” rating on shares of T-Mobile Us in a research note on Friday, May 1st. Finally, Nomura Instinet increased their price target on shares of T-Mobile Us from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $108.25.

In other T-Mobile Us news, insider Ronald D. Fisher bought 350,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the transaction, the insider now directly owns 221,672 shares of the company’s stock, valued at $22,832,216. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.47% 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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