Eaton Vance Management Has $45.70 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)


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Eaton Vance Management lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 338,855 shares of the Wireless communications provider’s stock after purchasing an additional 73,888 shares during the quarter. Eaton Vance Management’s holdings in T-Mobile US were worth $45,695,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Credit Agricole S A boosted its position in T-Mobile US by 4,000.0% during the 4th quarter. Credit Agricole S A now owns 205 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Paces Ferry Wealth Advisors LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $28,000. Assetmark Inc. boosted its position in T-Mobile US by 135.8% during the 4th quarter. Assetmark Inc. now owns 257 shares of the Wireless communications provider’s stock worth $35,000 after acquiring an additional 148 shares during the last quarter. Advisory Alpha LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $30,000. Finally, Earnest Partners LLC boosted its position in T-Mobile US by 46.1% during the 3rd quarter. Earnest Partners LLC now owns 279 shares of the Wireless communications provider’s stock worth $32,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.

In other T-Mobile US news, insider Neville R. Ray sold 17,600 shares of T-Mobile US stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $130.01, for a total value of $2,288,176.00. Following the transaction, the insider now owns 445,264 shares in the company, valued at $57,888,772.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $121.67, for a total value of $4,866,800.00. Over the last three months, insiders have sold 93,200 shares of company stock worth $11,731,760. 0.47% of the stock is currently owned by insiders.

TMUS opened at $130.02 on Thursday. The firm has a market cap of $161.59 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55. T-Mobile US, Inc. has a 52-week low of $84.47 and a 52-week high of $135.54. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.88 and a current ratio of 0.98. The business’s fifty day moving average is $124.00 and its 200-day moving average is $124.39.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, February 4th. The Wireless communications provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $19.97 billion. T-Mobile US had a return on equity of 8.69% and a net margin of 5.11%. During the same period in the prior year, the firm posted $0.87 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 3.49 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. set a $150.00 price objective on T-Mobile US and gave the company a “buy” rating in a report on Monday, March 15th. Royal Bank of Canada set a $133.00 price objective on T-Mobile US and gave the company a “neutral” rating in a report on Friday, March 12th. Truist increased their price objective on T-Mobile US from $135.00 to $150.00 in a report on Friday, February 5th. Credit Suisse Group reissued a “buy” rating and issued a $165.00 price objective on shares of T-Mobile US in a report on Friday, March 12th. Finally, KeyCorp increased their price objective on T-Mobile US from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $144.04.

About T-Mobile US

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 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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