Crossmark Global Holdings Inc. Reduces Stake in T-Mobile Us Inc (TMUS)

Crossmark Global Holdings Inc. lessened its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,918 shares of the Wireless communications provider’s stock after selling 320 shares during the period. Crossmark Global Holdings Inc.’s holdings in T-Mobile Us were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of T-Mobile Us by 11.3% during the 4th quarter. FMR LLC now owns 21,871,216 shares of the Wireless communications provider’s stock valued at $1,391,228,000 after buying an additional 2,227,123 shares in the last quarter. Vanguard Group Inc raised its position in shares of T-Mobile Us by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after purchasing an additional 132,709 shares during the last quarter. Norges Bank purchased a new position in shares of T-Mobile Us in the 4th quarter worth about $627,109,000. DNB Asset Management AS raised its position in shares of T-Mobile Us by 12.5% in the 1st quarter. DNB Asset Management AS now owns 4,097,879 shares of the Wireless communications provider’s stock worth $283,163,000 after purchasing an additional 455,147 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of T-Mobile Us by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,734,202 shares of the Wireless communications provider’s stock worth $237,532,000 after purchasing an additional 157,979 shares during the last quarter. Hedge funds and other institutional investors own 33.72% of the company’s stock.

In other T-Mobile Us news, COO G Michael Sievert sold 4,766 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $73.58, for a total value of $350,682.28. Following the completion of the transaction, the chief operating officer now owns 543,391 shares of the company’s stock, valued at approximately $39,982,709.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.

Shares of NASDAQ:TMUS opened at $75.37 on Monday. T-Mobile Us Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.13. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $64.39 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.44.

T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.14. T-Mobile Us had a return on equity of 13.05% and a net margin of 7.11%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. T-Mobile Us’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts forecast that T-Mobile Us Inc will post 4.12 earnings per share for the current year.

Several research firms have recently issued reports on TMUS. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, April 11th. BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Argus reaffirmed a “buy” rating on shares of T-Mobile Us in a research report on Tuesday, February 19th. HSBC set a $80.00 price target on T-Mobile Us and gave the stock a “buy” rating in a research report on Friday, March 8th. Finally, KeyCorp lifted their price target on T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $80.15.

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

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