United Services Automobile Association raised its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,625 shares of the Wireless communications provider’s stock after purchasing an additional 10,575 shares during the period. United Services Automobile Association’s holdings in T-Mobile Us were worth $28,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Zions Bancorporation bought a new stake in shares of T-Mobile Us during the third quarter worth about $102,000. NEXT Financial Group Inc bought a new stake in shares of T-Mobile Us during the third quarter worth about $105,000. Stratos Wealth Partners LTD. bought a new stake in shares of T-Mobile Us during the third quarter worth about $111,000. SeaCrest Wealth Management LLC increased its position in shares of T-Mobile Us by 92.3% during the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Arrow Financial Corp bought a new stake in shares of T-Mobile Us during the third quarter worth about $175,000. 32.87% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the stock. Macquarie reissued a “buy” rating on shares of T-Mobile Us in a research report on Wednesday, November 21st. Guggenheim started coverage on shares of T-Mobile Us in a report on Thursday, November 1st. They set a “buy” rating on the stock. Moffett Nathanson restated a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura boosted their price target on shares of T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Finally, BidaskClub cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. T-Mobile Us currently has an average rating of “Buy” and an average target price of $73.92.
T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. As a group, research analysts anticipate that T-Mobile Us Inc will post 3.33 earnings per share for the current fiscal year.
In other T-Mobile Us news, EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.57, for a total value of $141,140.00. Following the transaction, the executive vice president now directly owns 204,851 shares in the company, valued at $14,456,335.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Christopher Keys sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $70.23, for a total transaction of $3,511,500.00. Following the completion of the transaction, the insider now owns 291,883 shares in the company, valued at $20,498,943.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,814 shares of company stock worth $6,579,495. Corporate insiders own 0.37% of the company’s stock.
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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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