T-Mobile US, Inc. (NASDAQ:TMUS) Stake Cut by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,432 shares of the Wireless communications provider’s stock after selling 6,366 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in T-Mobile US were worth $2,269,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Atalanta Sosnoff Capital LLC raised its position in T-Mobile US by 32.0% in the first quarter. Atalanta Sosnoff Capital LLC now owns 370,758 shares of the Wireless communications provider’s stock valued at $23,947,000 after buying an additional 89,814 shares during the last quarter. Creative Planning increased its stake in T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock valued at $207,000 after buying an additional 658 shares during the period. Chesley Taft & Associates LLC purchased a new stake in T-Mobile US during the first quarter valued at about $1,173,000. Highland Capital Management LLC purchased a new stake in T-Mobile US during the first quarter valued at about $1,127,000. Finally, Bank of Montreal Can increased its stake in T-Mobile US by 11.1% in the first quarter. Bank of Montreal Can now owns 219,394 shares of the Wireless communications provider’s stock valued at $14,171,000 after buying an additional 21,989 shares during the period. Institutional investors and hedge funds own 36.75% of the company’s stock.

T-Mobile US, Inc. (TMUS) traded up 1.82% on Friday, hitting $63.61. 2,464,366 shares of the stock traded hands. The stock has a 50-day moving average of $61.97 and a 200-day moving average of $63.57. The firm has a market cap of $52.86 billion, a price-to-earnings ratio of 26.95 and a beta of 0.49. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. Analysts forecast that T-Mobile US, Inc. will post $2.32 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “T-Mobile US, Inc. (NASDAQ:TMUS) Stake Cut by Sumitomo Mitsui Asset Management Company LTD” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/08/12/t-mobile-us-inc-nasdaqtmus-shares-sold-by-sumitomo-mitsui-asset-management-company-ltd-updated.html.

Several research firms recently issued reports on TMUS. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research note on Friday, June 2nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $71.00 price target on shares of T-Mobile US in a research note on Wednesday, April 26th. Instinet lifted their price target on shares of T-Mobile US from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Pacific Crest lifted their price target on shares of T-Mobile US from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Finally, Robert W. Baird lifted their price target on shares of T-Mobile US from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.82.

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

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply