T-Mobile US Inc (NASDAQ:TMUS) major shareholder Telekom Holding B.V. Deutsche purchased 300,000 shares of T-Mobile US stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $57.79 per share, with a total value of $17,337,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of T-Mobile US Inc (NASDAQ TMUS) opened at $60.06 on Monday. The stock has a market capitalization of $51,320.00, a P/E ratio of 11.55, a PEG ratio of 0.74 and a beta of 0.30. T-Mobile US Inc has a one year low of $54.60 and a one year high of $68.88. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The business had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.45 EPS. sell-side analysts predict that T-Mobile US Inc will post 3.25 earnings per share for the current fiscal year.
T-Mobile US announced that its board has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
Several large investors have recently bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of T-Mobile US by 121.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 181,997 shares of the Wireless communications provider’s stock valued at $11,559,000 after purchasing an additional 99,797 shares during the last quarter. Meitav Dash Investments Ltd. purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $644,000. Jump Trading LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $227,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $1,069,000. Finally, Vident Investment Advisory LLC raised its holdings in shares of T-Mobile US by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 43,766 shares of the Wireless communications provider’s stock worth $2,780,000 after buying an additional 2,673 shares during the period. 35.23% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on TMUS. Morgan Stanley upped their price target on T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. BidaskClub cut T-Mobile US from a “hold” rating to a “sell” rating in a research report on Thursday. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Zacks Investment Research upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, February 14th. Finally, Deutsche Bank upgraded T-Mobile US from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.22 to $65.00 in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and four have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.23.
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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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