JPMorgan Chase & Co. decreased its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,058,326 shares of the company’s stock after selling 3,657,295 shares during the period. JPMorgan Chase & Co. owned about 1.46% of T-Mobile US worth $563,364,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. purchased a new position in T-Mobile US during the first quarter valued at $210,000. Panagora Asset Management Inc. raised its position in T-Mobile US by 78.6% in the first quarter. Panagora Asset Management Inc. now owns 93,018 shares of the company’s stock valued at $3,563,000 after buying an additional 40,934 shares during the period. Royal Bank of Canada raised its position in T-Mobile US by 84.5% in the first quarter. Royal Bank of Canada now owns 539,418 shares of the company’s stock valued at $20,659,000 after buying an additional 246,987 shares during the period. Creative Planning raised its position in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock valued at $129,000 after buying an additional 924 shares during the period. Finally, Capstone Asset Management Co. raised its position in T-Mobile US by 9.6% in the second quarter. Capstone Asset Management Co. now owns 6,058 shares of the company’s stock valued at $262,000 after buying an additional 530 shares during the period. 34.86% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US Inc. (NASDAQ:TMUS) opened at 54.34 on Friday. T-Mobile US Inc. has a 52 week low of $33.23 and a 52 week high of $54.69. The firm has a 50-day moving average of $49.58 and a 200 day moving average of $45.83. The stock has a market capitalization of $44.78 billion, a price-to-earnings ratio of 34.41 and a beta of 0.66.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $9.45 billion. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts anticipate that T-Mobile US Inc. will post $1.53 EPS for the current year.
Several equities research analysts have issued reports on TMUS shares. Vetr raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $48.53 target price on the stock in a research note on Monday, September 12th. Jefferies Group reissued a “buy” rating and set a $55.00 price target on shares of T-Mobile US in a research report on Monday, August 8th. Argus reissued a “buy” rating and set a $56.00 price target (up previously from $49.00) on shares of T-Mobile US in a research report on Thursday, August 4th. Robert W. Baird reissued a “neutral” rating and set a $51.00 price target on shares of T-Mobile US in a research report on Sunday, August 21st. Finally, Morgan Stanley boosted their price target on shares of T-Mobile US from $47.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $50.35.
In other news, insider Thomas Christopher Keys sold 14,700 shares of T-Mobile US stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the transaction, the insider now directly owns 355,876 shares of the company’s stock, valued at approximately $16,765,318.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by insiders.