CMH Wealth Management LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,410 shares of the Wireless communications provider’s stock after buying an additional 590 shares during the period. CMH Wealth Management LLC’s holdings in T-Mobile US were worth $1,418,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC increased its position in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 306 shares during the period. Fifth Third Bancorp increased its position in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after buying an additional 680 shares during the period. D. Scott Neal Inc. bought a new position in T-Mobile US during the second quarter worth about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares during the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares during the last quarter. 35.89% of the stock is owned by hedge funds and other institutional investors.
T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.78 on Tuesday. The company has a 50-day moving average of $61.98 and a 200-day moving average of $63.62. The company has a market capitalization of $53.00 billion, a P/E ratio of 27.03 and a beta of 0.49. T-Mobile US, Inc. has a 1-year low of $44.35 and a 1-year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.29. The company 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 quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. Equities analysts expect that T-Mobile US, Inc. will post $2.32 EPS for the current fiscal year.
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TMUS has been the topic of a number of research analyst reports. J P Morgan Chase & Co restated an “overweight” rating and issued a $71.00 target price on shares of T-Mobile US in a research note on Wednesday, April 26th. SunTrust Banks, Inc. initiated coverage on shares of T-Mobile US in a report on Tuesday, April 18th. They issued a “buy” rating and a $76.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $75.00 price target (up previously from $70.00) on shares of T-Mobile US in a report 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 report on Wednesday, April 26th. Finally, Zacks Investment Research cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $68.82.
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