Global Financial Private Capital LLC Sells 2,586 Shares of T-Mobile Us Inc (TMUS)
Global Financial Private Capital LLC decreased its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 8.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,157 shares of the Wireless communications provider’s stock after selling 2,586 shares during the quarter. Global Financial Private Capital LLC’s holdings in T-Mobile Us were worth $1,976,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Ontario Teachers Pension Plan Board purchased a new position in T-Mobile Us during the second quarter worth approximately $132,346,000. Morgan Stanley boosted its position in T-Mobile Us by 44.5% during the second quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock worth $345,483,000 after purchasing an additional 1,781,530 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in T-Mobile Us by 16,308.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock worth $77,091,000 after purchasing an additional 1,282,370 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in T-Mobile Us by 7,776.4% during the second quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock worth $76,014,000 after purchasing an additional 1,256,046 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in T-Mobile Us during the second quarter worth approximately $62,594,000. Hedge funds and other institutional investors own 32.64% of the company’s stock.
In related news, COO G Michael Sievert sold 10,622 shares of the stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $65.79, for a total value of $698,821.38. Following the completion of the sale, the chief operating officer now owns 452,478 shares of the company’s stock, valued at $29,768,527.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas Christopher Keys sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $70.23, for a total value of $3,511,500.00. Following the completion of the sale, the insider now directly owns 291,883 shares of the company’s stock, valued at approximately $20,498,943.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,814 shares of company stock valued at $6,579,495. Insiders own 0.37% of the company’s stock.
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 consensus estimate of $0.85 by $0.08. The business had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. On average, research analysts predict that T-Mobile Us Inc will post 3.31 earnings per share for the current fiscal year.
TMUS has been the topic of a number of recent analyst reports. BidaskClub downgraded T-Mobile Us from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Zacks Investment Research downgraded T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Guggenheim increased their price target on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, September 27th. Societe Generale restated a “buy” rating and issued a $71.00 target price on shares of T-Mobile Us in a research report on Thursday, August 2nd. Finally, Wells Fargo & Co raised their target price on T-Mobile Us from $77.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $73.13.
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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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