Shell Asset Management Co. Has $1.13 Million Stake in T-Mobile US, Inc. (TMUS)

Shell Asset Management Co. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 44.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,158 shares of the Wireless communications provider’s stock after purchasing an additional 12,110 shares during the quarter. Shell Asset Management Co.’s holdings in T-Mobile US were worth $1,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of T-Mobile US by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock worth $939,664,000 after purchasing an additional 389,328 shares in the last quarter. BlackRock Inc. boosted its position in shares of T-Mobile US by 10.9% in the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after purchasing an additional 1,502,636 shares in the last quarter. Paulson & CO. Inc. boosted its position in shares of T-Mobile US by 46.1% in the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares in the last quarter. State Street Corp boosted its position in shares of T-Mobile US by 5.4% in the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock worth $339,409,000 after purchasing an additional 289,120 shares in the last quarter. Finally, Third Point LLC boosted its position in shares of T-Mobile US by 5.0% in the 2nd quarter. Third Point LLC now owns 5,250,000 shares of the Wireless communications provider’s stock worth $318,255,000 after purchasing an additional 250,000 shares in the last quarter. 35.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at 59.58 on Tuesday. The stock has a market capitalization of $49.51 billion, a price-to-earnings ratio of 25.25 and a beta of 0.40. The firm’s 50-day moving average is $61.97 and its 200-day moving average is $63.56. T-Mobile US, Inc. has a 52 week low of $48.76 and a 52 week high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the previous year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post $2.41 earnings per share for the current fiscal year.

A number of analysts have recently commented on TMUS shares. Bank of America Corporation boosted their price target on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Deutsche Bank AG dropped their price target on T-Mobile US from $70.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. KeyCorp set a $72.00 price target on T-Mobile US and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Wednesday, October 4th. Finally, Societe Generale started coverage on T-Mobile US in a research report on Tuesday, October 24th. They issued a “buy” rating and a $71.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $70.43.

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About T-Mobile US

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

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